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Economic Transformations: General Purpose Technologies And Long Term Economic Growth-new
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This Book Examines The Long Term Economic Growth That Has Raised The West'S Material Living Standards To Levels Undreamed Of By Counterparts In Any Previous Time Or Place. The Authors Argue That This Growth Has Been Driven By Technological Revolutions That Have Periodically Transformed The West'S Economic, Social And Political Landscape Over The Last 10,000 Years And Allowed The West To Become, Until Recently, The World'S Only Dominant Technological Force.Unique In The Diversity Of The Analytical Techniques Used, The Book Begins With A Discussion Of The Causes And Consequences Of Economic Growth And Technological Change. The Authors Argue That Long Term Economic Growth Is Largely Driven By Pervasive Technologies Now Known As General Purpose (Gpts). They Establish An Alternative To The Standard Growth Models That Use An Aggregate Production Function And Then Introduce The Concept Of Gpts, Complete With A Study Of How These Technologies Have Transformed The West Since The Neolithic Agricultural Revolution. Early Modern Science Is Given More Importance Than In Most Other Treatments And The 19Th Century Demographic Revolution Is Studied With A Combination Of Formal Models Of Population Dynamics And Historical Analysis.The Authors Argue That Once Sustained Growth Was Established In The West, Formal Models Can Shed Much Light On Its Subsequent Behavior. They Build Nonconventional, Dynamic, Nonstationary Equilibrium Models Of Gptdriven Growth That Incorporate A Range Of Phenomena That Their Historical Studies Show To Be Important But Which Are Excluded From Other Gpt Models In The Interests Of Analytical Tractability. The Book Concludes With A Study Of The Policy Implications That Follow From Their Unique Approach.
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- Q: How many pages are in this book? A: This book contains six hundred fifty-six pages. It provides an in-depth analysis of economic transformations and technological revolutions.
- Q: What is the binding type of this book? A: The book is available in paperback binding. This makes it lightweight and easy to carry.
- Q: What are the dimensions of this book? A: The dimensions of the book are nine point thirteen inches in length, six point five inches in width, and nine point twenty-one inches in height. These dimensions make it a standard size for easy reading.
- Q: Who is the author of this book? A: The author of this book is Richard G. Lipsey. He is known for his expertise in economic history and theory.
- Q: What is the main topic covered in this book? A: The main topic is long-term economic growth driven by general purpose technologies. It explores the historical implications of these technologies.
- Q: Is this book suitable for beginners in economic history? A: Yes, this book is suitable for beginners. It provides a comprehensive overview of economic transformations that is accessible to readers new to the subject.
- Q: How does this book approach economic growth? A: The book presents an alternative to standard growth models. It discusses the role of general purpose technologies in shaping economic growth.
- Q: What kind of analytical techniques are used in this book? A: The book uses a diverse range of analytical techniques. This includes dynamic, non-stationary equilibrium models to analyze economic phenomena.
- Q: Can this book be used for academic research? A: Yes, this book is a valuable resource for academic research. Its detailed analysis and historical context make it suitable for scholarly studies.
- Q: What historical periods does this book cover? A: The book covers a broad span of history, from the Neolithic Agricultural Revolution to the modern technological era. It examines how these periods influenced economic growth.
- Q: Are there policy implications discussed in this book? A: Yes, the book concludes with policy implications derived from its analysis. It provides insights into how technological advancements affect economic policies.
- Q: Does this book include illustrations or line drawings? A: Yes, the book features numerous line drawings. These illustrations help to clarify complex economic concepts.
- Q: Is this book considered a primary text for economic history courses? A: Yes, this book is often used as a primary text. Its thorough exploration of economic growth makes it a standard reference in economic history courses.
- Q: What makes this book unique compared to others in economic history? A: This book is unique due to its focus on general purpose technologies and their impact on long-term growth. It combines historical analysis with formal economic modeling.
- Q: What publishing company released this book? A: The book is published by Oxford University Press, USA. This publisher is known for its academic rigor and quality.