Understanding Long-Run Economic Growth
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britain
Category=KCG
centralization
credit markets
debt
development
discovery
economic growth
economics
economy
england
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
finance
france
frontier
geography
history
human capital
immigration policy
incentives
inequality
innovation
investment
land distribution
monopoly
mortgage loans
nonfiction
patents
resources
technology
transportation companies
united kingdom
urban
Product details
- ISBN 9780226116341
- Weight: 680g
- Dimensions: 16 x 24mm
- Publication Date: 01 Oct 2011
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. "Understanding Long-Run Economic Growth" explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.
Dora L. Costa is professor of economics at the University of California, Los Angeles; associate director of the California Population Research Center; and a research associate and director of the Cohort Studies Working Group at the NBER. Naomi R. Lamoreaux is professor of economics and history at Yale University, a fellow of the American Academy of Arts and Sciences, and a research associate of the NBER.
