America takes for granted that new technologies drive economic growth. Madrick argues that technological innovation has never been the cause of economic growth: it is a necessary condition but hardly a sufficient one. Madrick's surprising thesis is that the process of growth is more complex than most pundits, business journalists, and even economists believe--but it can be understood.

Why Economies Grow 2002, Basic Books, New York, NY

ISBN-13: 9780465043118