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The economics of prosperity : rethinking economic growth and development / Shawn Ritenour (Professor of Economics, Department of Economics, Grove City College, US).
- Format:
- Book
- Author/Creator:
- Ritenour, Shawn, author.
- Series:
- New thinking in political economy
- New thinking in political economy series
- Language:
- English
- Subjects (All):
- Economic development.
- Genre:
- Electronic books.
- Physical Description:
- 1 online resource (244 pages).
- Place of Publication:
- Northampton : Edward Elgar Publishing, 2023.
- Summary:
- "This book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory. The author argues that economic prosperity is not monocausal. It is the happy consequence of a highly developed division of labor, taking advantage of an expanding capital structure, embodied in technically advanced capital goods, all wisely invested by entrepreneurs. All these sources of prosperity require the social institutions of private property and sound money to function well together, facilitating economic progress and human civilization. The Economics of Prosperity provides a comprehensive explanation of the myriad of factors influencing economic growth and development for scholars, policy makers and economists"-- Provided by publisher.
- Contents:
- Contents: Introduction to the economics of prosperity
- 1. Human action and the economic order
- 2. The market division of labor
- 3. Capital
- 4. Technology
- 5. Entrepreneurship
- 6. Modern growth theory
- 7. Market institutions
- 8. Development policy
- 9. Coda: The conclusion of the matter works cited
- Index.
- Notes:
- Includes bibliographical references and index.
- Description based on print record.
- ISBN:
- 9781788117791 (e-book)
- Access Restriction:
- Restricted for use by site license.
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