But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...
The Laureates Mokyr, Aghion, Howitt explain the role of innovation, prescriptive knowledge, creative destruction ...
Why are some nations rich while others remain poor? It’s one of the oldest—and most consequential—questions in economics. The ...
Economic Theory, Vol. 29, No. 2, Symposium in Honor of Mukul Majumdar (Oct., 2006), pp. 341-362 (22 pages) We highlight two features of undiscounted optimal growth in the context of a two-sector model ...
How do societies become richer? Robert Solow, an American economist who died Thursday at age 99, said technical progress and innovation were a core reason economies grew and people became prosperous.
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