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

New endogenous growth theory is not new, but it has gained popularity in recent decades. This book provides a historical perspective on the theory, starting with Adam Smith and ending with Paul Romer, and critically discusses the contributions of various authors. It fills an important gap in the literature by collating all the arguments and economic viewpoints in one collection, providing a critical comparison of the origin, mechanisms, conclusions, and policy implications of these models.

Format: Paperback / softback
Length: 331 pages
Publication date: 26 November 2022
Publisher: Springer Nature Switzerland AG

In recent years, the concept of endogenous growth theory has gained widespread popularity, although its underlying ideas trace back to the works of renowned economists such as Adam Smith. The contributions of Alfred Marshall and Allyn Young, among others, have significantly enriched this theory. This book offers a critical examination and historical perspective of the entire spectrum of endogenous growth theories, spanning from Adam Smith to Paul Romer. It fills a significant gap in the literature by providing a comprehensive analysis of these theories within a unified framework. While individual authors' contributions are readily accessible, a comprehensive study that encompasses such a vast range of topics and critically discusses these authors in a comprehensive manner has yet to be undertaken. This book aims to bridge that gap by collating all the arguments and economic viewpoints related to endogenous growth models in one comprehensive collection. It serves as a valuable resource for both seasoned economists and graduate students, offering a critical comparison of the origins, mechanisms, conclusions, and policy implications of these models.

Weight: 450g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030837631
Edition number: 1st ed. 2022