Microfoundations of Economic Growth : a Schumpeterian perspective / edited by Gunnar Eliasson and Christopher Green

WAS £22.99 £6.89

About this item

Subject: Economics. Non-fiction. Publication date: 1998. Content: The dust jacket is in as new condition apart from a small tear (about 5 mm long) and crease at the top of the back. The book is in fine condition, clean and unmarked. Content: The contributors to this volume seek further understanding of the microfoundations of economic growth. It focuses on three subjects that interested the great Austrian and Harvard economist, Joseph A. Schumpeter: innovation, technological change, and economic growth. The first part of the volume treats institutions, markets, and entrepreneurs, without which analysis of the firm makes little or no sense. The second part focuses on the firm as innovator, placing heavy emphasis on the role of knowledge formation. The subjects of innovation and knowledge formation are approached from three perspectives: theoretical; industry (case) studies; and empirical (cross section and panel data) analysis. In the third part of the book the action moves from the firm to the "macro" or economy-wide level. The volume's unique feature is combining institutions, the innovative behavior of firms, and an intuitively dynamic, macroeconomic analysis, all from a Schumpeterian perspective. It is argued that the study of micro-institutions such as firms and the evolving nature of markets are necessary ingredients to understanding macro-oriented phenomena such as economic growth. It is in this sense, then, that the book is concerned with micro foundations. (Selected papers from the sixth international conference of the International Schumpter Society, held in Stockholm, June 3-5, 1996.)

Author(s):: Eliasson, Gunnar ; Green, Christopher (editors)
Condition:: Used: very good
Dimensions:: 16 x24 x4 cm
Format:: Hardback
ISBN-10:: 0472109049
Number of pages:: 443
Publisher:: University of Michigan Press

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