Książka Learning from 'Learning by Doing' Robert M. Solow

Learning from 'Learning by Doing'

Lessons for Economic Growth

Język: Angielski
Oprawa: Twarda
Dostępność: Dostępna u dostawcy
Wysyłamy za 9-15 dni
474.74
This book by a Nobel laureate in economics begins with a brief exposition of Kenneth J. Arrow's clas...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
Data wydania
1997
strony
104
EAN
9780804728409
ISBN
0804728402
Enbook ID
04716564
Waga
272
Wymiary
152 x 229 x 10

Pełny opis

This book by a Nobel laureate in economics begins with a brief exposition of Kenneth J. Arrow's classic paper The Economic Implications of Learning by Doing (1962). It shows how Arrow's idea fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today. The author then develops a new theory that combines learning by doing (identifying it with the concept of continuous improvement) with a separate process of discrete innovations. Learning by doing leads to a fairly smooth reduction in labor required per unit of output, tied to the rate of gross investment in new capital equipment. Innovations arrive at random; when one of them happens, the labor requirement takes a jump downward.

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