1.

Record Nr.

UNINA9910462780203321

Autore

Holcombe Randall G.

Titolo

Producing prosperity : an inquiry into the operation of the market process / / Randall G. Holcombe

Pubbl/distr/stampa

London ; ; New York : , : Routledge, , 2013

ISBN

1-283-91968-0

0-203-07979-5

1-136-16231-3

Descrizione fisica

1 online resource (273 p.)

Collana

Routledge foundations of the market economy

Disciplina

330.12/2

Soggetti

Economics - History - 20th century

Capitalism

Equilibrium (Economics)

Economic development

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Producing prosperity: the subject matter of economics -- Economic models: a framework for analysis -- The market process -- Market-clearing forces in the economy -- The innovative nature of firms -- The role of firms in the market -- The trajectory of the economy: growth and progress -- Economic welfare: theory and policy -- Rent seeking in a creative economy -- The coordination of economic activity -- Agglomeration economies and economic progress -- The evolution of the economy: differentiation, selection, replication -- Producing prosperity.

Sommario/riassunto

The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. Prior to the Industrial Revolution, economic progress was so slow that people would not have been able to recognize it in their lifetimes, whereas today, economic progress is so much a part of people's lives that they take it for granted. In this new volume, Randall G. Holcombe argues that economic analysis, as it developed through the twentieth century, relies heavily on concepts of economic



equilibrium, and is not descriptive of the dyna