Theory of Economic Growth

Description

a landmark in the contemporary approach to economics"The Observer "it is as good a book as its most obvious predecessors in the genre: Smith's Wealth of Nations and Marshall's Industry and the Trade"Times Educational Supplement Setting out the problems to be solved if mankind is to be freed from poverty, Theory of Economic Growth embraces the disciplines of economics, history, sociology, politics and anthropology in its coverage. Focussing on output and growth (rather than distribution and consumption) the book discusses economic institutions, knowledge, capital, population, resources and government, and their role in the growth of output per head of population. Cover Title Copyright PREFACE Contents I. INTRODUCTION 1. DEFINITIONS 2. METHODOLOGY 3. LAYOUT Bibliographical Note II. THE WILL TO ECONOMIZE 1. THE DESIRE FOR GOODS (a) Asceticism (b) Wealth and Social Status (c) Limited Horizons 2. THE COST OF EFFORT (a) The Attitude to Work (b) The Spirit of Adventure 3. RESOURCES AND RESPONSE Bibliographical Note III. ECONOMIC INSTITUTIONS 1. THE RIGHT TO REWARD (a) Non-Material Rewards (b) The Management of Property (c) The Reward for Work 2. TRADE AND SPECIALIZATION (a) Advantages (b) The Extent of the Market (c) Organization 3. ECONOMIC FREEDOM (a) Individualism and Collective Action (b) Vertical Mobility (c) Freedom of Markets 4. SOME CASES (a) Religion (b) Slavery (c) The Family (d) The Organization of Agriculture (e) Cottage Industry 5. INSTITUTIONAL CHANGE (a) The Process of Change (b) The Cycle of Change Bibliographical Note IV. KNOWLEDGE 1. THE GROWTH OF KNOWLEDGE (a) Pre-scientific Societies (b) Invention and Research 2. THE APPLICATION OF NEW IDEAS (a) The Attitude towards Innovation (b) Knowledge and Profit 3. TRAINING PROGRAMMES (a) Priorities (b) Agricultural Extension (c) Industrial Aptitudes (d) Business Administration Bibliographical Note V. CAPITAL 1. CAPITAL REQUIREMENTS 2. SAVINGS (a) The Need for Savings (b) Domestic Sources (c) External Finance 3. INVESTMENT (a) The Institutional Framework (b) Point of Departure (c) Stability (d) Secular Stagnation Bibliographical Note VI. POPULATION AND RESOURCES 1. POPULATION AND OUTPUT (a) Population Growth (b) Size and Output (c) Occupations 2. INTERNATIONAL RELATIONS (a) International Trade (b) Migration (c) Imperialism Bibliographical Note VII. GOVERNMENT 1. THE FRAMEWORK OF ENTERPRISE (a) The Functions of Government (b) Production Programmes 2. THE PUBLIC SECTOR (a) Public Expenditure Programmes (b) The Fiscal Problem 3. POWER AND POLITICS (a) Roads to Stagnation (b) Background to Statesmanship Bibliographical Note APPENDIX IS ECONOMIC GROWTH DESIRABLE? (a) The Benefits of Economic Growth (b) The Acquisitive Society (c) Problems of Transition INDEX