Bibliograph

Economic growth, a unified approach, Olivier de La Grandville ; with two special contributions by Robert M. Solow

Type

Label

Economic growth, a unified approach, Olivier de La Grandville ; with two special contributions by Robert M. Solow

Language

eng

Index

index present

Literary Form

non fiction

Main title

Economic growth

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1097121228

Responsibility statement

Olivier de La Grandville ; with two special contributions by Robert M. Solow

Series statement

Cambridge Social Sciences eBooks

Sub title

a unified approach

Summary

How can society improve its living standards? What are the conditions necessary for prosperity? These are the questions that define the essence of growth theory. In this user-friendly book, Olivier de la Grandville provides a fascinating introduction to the theory of economic growth and shows how many results from this field are of paramount importance for society. The classical mechanics of the growth process are carefully explained, with two chapters devoted to the fundamental issue of the substitution of labor for capital in the growth process (co-written with Robert M. Solow, winner of the Nobel Prize in Economics). The book also addresses the fundamental question of the optimal investment rate of an economy. In addition, de la Grandville shows us that by unifying the descriptive and normative aspects of growth theory we can generate many fresh insights, including a proof of Adam Smith's 'Invisible Hand' conjecture.--, Provided by publisher

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