The Origins of Economic Growth: The Fundamental Interaction Between Material and Nonmaterial Values

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Dealing with factors affecting economic growth in knowledge-based societies, the author shows that the interaction between material and nonmaterial values is the ultimate source of all economic growth. The model thus developed predicts the quantitative facts concerning business cycles better than the conventional real-cycle models, while also producing a new growth path whose existence is verified by empirical facts. The results provide strong evidence of the economic relevance of nonmaterial values, and also prompt a new ...

The Origins of Economic Growth: The Fundamental Interaction Between Material and Nonmaterial Values 2011, Springer

ISBN-13: 9783642645204

Softcover Reprint of the Origi edition

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