Endogenous Growth in Historical Perspective

In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.

Provides a historical perspective to the entire spectrum of endogenous growth theories Provides economic etymology to the various proponents of endogenous growth models Offers a critical comparison of origin, mechanisms, conclusions, and policy implications of these models

Autorentext

Ramesh Chandra is an independent economist who has published extensively including three books. He received his PhD in Economics from the University of Strathclyde, UK, and studied economics at the Delhi School of Economics, University of California (Berkeley) and University of Glasgow. He has held professorships at Lal Bahadur Shastri National Academy of Administration and Indian Council of Research on International Economic Relations, India, among others. His research interests include trade policy and growth, the relationship between economic thought and development economics, and the history of economic thought.

Inhalt
1.Endogenous Growth: Introduction.- 2. Adam Smith and Economic Progress.- 3. Alfred Marshall on Organic Growth.- 4. Allyn Young on Increasing Returns.- 5. Nicholas Kaldor on Equilibrium Economics and Economic Growth.- 6. Lauchlin Currie and the Leading-Sector Model of Growth.- 7. Paul Rosenstein-Rodan and the Post-War Development Model.- 8. Paul Krugman, New Trade Theory and New Economic Geography.- 9. Paul Romer and Modern Endogenous Growth Theory.- 10. Endogenous Growth: Concluding Remarks and Policy Conclusions.