Endogenous Growth in Historical Perspective : From Adam Smith to Paul Romer

• Record Nr.: UNINA9910510543503321
• Autore: Chandra Ramesh
• Pubbl/distr/stampa: Cham : , : Springer International Publishing AG, , 2021; ©2022
• ISBN: 9783030837617; 9783030837600
• Descrizione fisica: 1 online resource (336 pages)
• Collana: Palgrave Studies in Economic History Ser.
• Soggetti: Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Intro -- Preface -- Contents -- 1 Endogenous Growth: Introduction -- Different Conceptions of Endogenous Growth -- Scheme of the Book -- References -- 2 Adam Smith and Economic Progress -- Division of Labour -- Capital Accumulation -- Institutional Arrangements -- Theory of Evolution -- Critical Assessment -- Was Smith an Equilibrium Theorist? -- Capital Accumulation vs the Division of Labour -- Was Smith a Laissez Faire Economist? -- Das Adam Smith Problem -- References -- 3 Alfred Marshall on Organic Growth -- The Division of Labour -- The Role of External and Internal Economies -- The Role of the Representative Firm -- Economic Evolution and Competition -- Saving, Investment, and Capital Accumulation -- Critical Assessment -- References -- 4 Allyn Young on Increasing Returns -- Tracing the Origins of Increasing Returns in Youngian Thinking -- Contributions to Outlines of Economics -- Young-Knight Exchange on Increasing Returns -- Reconstruction of Young's Growth Theory -- The Role of Markets or Commerce -- The Disequilibrium Paradigm -- The Role of External Economies -- The Role of Roundabout Methods and Industrial Specialization -- The Role of Competition -- Comparing Young with Smith and Marshall -- Young and Smith -- Young and Marshall -- Critical Assessment -- References -- 5 Nicholas Kaldor on Equilibrium Economics and Economic Growth -- Irrelevance of Equilibrium Economics -- Increasing Returns -- Verdoorn's Law -- ; Policy Advice -- Critical Assessment -- References -- 6 Lauchlin Currie and the Leading-Sector Model of Growth -- Rationale -- Criteria -- Leading Sectors and Favoured Treatment -- Contemporary Relevance -- Critical Appraisal -- Lauchlin Currie and the "big Push" -- Currie and Hirschman's Unbalanced Growth -- References -- 7 Paul Rosenstein-Rodan and the Post-war Development Model -- The Big Push and Balanced Growth.; The Post-war Model of Development -- Primacy to Capital Accumulation -- Import-Substitution Under Protection -- Interventionism -- Revival of the Big Push -- Critical Appraisal -- Currie's Critique -- Hirschman's Critique -- Empirical Critique -- References -- 8 Paul Krugman, New Trade Theory and New Economic Geography -- The Role of Economies of Scale -- The Role of External Economies -- Increasing Returns and Economic Geography -- Sophisticated Arguments for Governmental Intervention and Strategic Trade Policy -- Krugman's Contribution -- Critical Appraisal -- References -- 9 Paul Romer and Modern Endogenous Growth Theory -- The Origins of Endogenous Growth Theory -- Some Basic Growth Paradigms -- The Neoclassical Model -- The AK Model -- The Product-Variety Model -- The Schumpeterian Model -- Paul Romer's Contribution -- Policy Implications -- Critical Assessment -- References -- 10 Endogenous Growth: Concluding Remarks and Policy Conclusions -- Are Increasing Returns Confined to Manufacturing? -- Do Increasing Returns Arise Because of Internal Economies of Scale? -- The Role of External Economies -- The Role of Demand vis-à-vis Supply Factors in Growth -- The Role of International Trade -- Role of Knowledge in Growth -- Policy Conclusions -- References -- Author Index -- Subject Index.