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On the search for well-being / Henry J. Bruton.
- Format:
- Book
- Author/Creator:
- Bruton, Henry J.
- Language:
- English
- Subjects (All):
- Economic development.
- Developing countries.
- Physical Description:
- 1 online resource (238 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Ann Arbor : University of Michigan Press, 2001, c1997.
- Summary:
- An extended meditation on why some countries are rich in terms of GDP and others are poor.
- Contents:
- Intro
- Contents
- Preface
- 1. Economics and Economic Development
- The Great Question
- All Countries Should Have Equal Labor Productivity: An Argument
- Why All Countries Do Not Have Equal Labor Productivity: An Argument
- On the Definition of Economics
- The Rest of the Book
- 2. The Search for Well-Being
- Well-Being: Its Definition and Content
- The Development Objective
- The Search for Better Preferences
- Social Choice: Its Impossibility and Necessity
- Summary
- 3. Growth Theory and Stylized Facts
- Three Approaches to Growth Theory: A Reminder
- What Is to Be Explained: Facts and Semifacts
- More on Productivity Growth
- 4. A Way to Think about Growth
- The Growth Process
- The Role of Factor Prices and Technological Information
- A Time Path through Capital and Productivity Space
- The Role of Capital Formation
- The Capital Goods Sector
- Some Macro Issues
- The Big Picture: A Summary
- 5. Employment
- A Preliminary: The Labor Market
- The Roles of Employment
- Work as a Source of Well-Being
- Demand for Labor
- Is It All Pie in the Sky?
- 6. Entrepreneurship
- The Entrepreneur as the Source of the Idea of Progress
- The Entrepreneur as Perceiver and Exploiter of a Specific Profit Opportunity
- The Entrepreneur as Searcher, Learner, and Changer
- Conclusions on Entrepreneurship
- 7. Foreign Transactions
- Development Strategies: Import Substitution and Outward Orientation
- The Foreign Sector and Productivity Growth
- On Importing Knowledge
- Openness and Preference Development
- Conclusion
- 8. A Form of Protection
- The Undervalued Exchange Rate Form of Protection
- Can All Developing Countries Have an Undervalued Exchange Rate?
- The Outcome
- 9. The Roles of the Government and the Market
- The Present Policy Debate
- Creating the Idea of Progress.
- Policy-Making and Policy Change
- Government and Better Preferences
- A Brief Conclusion
- Epilogue: Another Great Question and More Ignorance
- References
- Index.
- Notes:
- Includes bibliographical references (p. 203-213) and index.
- ISBN:
- 1-282-60479-1
- 9786612604799
- 0-472-02419-1
- OCLC:
- 732605532
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