Abstract
Why do some countries grow rich while others remain stuck in poverty? This has been one of the most important questions in economics at least since Adam Smith published his Inquiry into the Causes and Nature of the Wealth of Nations in 1776. Standard economic theory explains economic growth with reference to the abundance of physical and human capital and technology. Empirically, these factors are indeed related to income and growth across countries and therefore explain the latter variables in a statistical sense. But this correlation does not reveal the deeper causes of capital accumulation.
Originalsprache | Englisch |
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Titel | 21st Century Economics |
Untertitel | Economic Ideas You Should Read and Remember |
Redakteure*innen | Bruno S. Frey, Christoph Schaltegger |
Herausgeber (Verlag) | Springer |
Seiten | 135-136 |
Seitenumfang | 11 |
ISBN (elektronisch) | 978-3-030-17740-9 |
ISBN (Print) | 978-3-030-17739-3 |
DOIs | |
Publikationsstatus | Veröffentlicht - 2019 |
ÖFOS 2012
- 502053 Volkswirtschaftslehre