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2015 | OriginalPaper | Chapter

1. Overview

Authors : Sibabrata Das, Alex Mourmouras, Peter C. Rangazas

Published in: Economic Growth and Development

Publisher: Springer International Publishing

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Abstract

Among the most enduring questions in economics are those related to growth and development. Since 1776, when Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations, economists have been assessing the factors determining a nation’s standard of living and rate of economic progress. More than two centuries of research have improved our understanding of the roles of investments in physical and human capital, advancing technologies, openness, and sound institutions in transforming relatively poor economies into economic powerhouses. This book is an introduction to some of the newer features of growth theory that were developed after 1950. We show how the theory can be blended with historical data and case studies to think about the sources of economic prosperity.

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Title: Overview
Authors: Sibabrata Das
Alex Mourmouras
Peter C. Rangazas
Publisher: Springer International Publishing
Book: Economic Growth and Development
Print ISBN: 978-3-319-14264-7

Electronic ISBN: 978-3-319-14265-4

Copyright Year: 2015
DOI: https://doi.org/10.1007/978-3-319-14265-4_1