
Science and the Wealth of Nations
The Physics of Economic Growth
Bernard C. Beaudreau(Author)
Cambridge Scholars Publishing
Published on 20. May 2021
Book
Hardback
235 pages
978-1-5275-6581-4 (ISBN)
Description
As Paul Krugman pointed out in his 2013 New York Times Op-Ed piece entitled "The New Growth Fizzle," idea-based growth theory has been a bust. In this volume, an alternative approach is presented, one that, unlike existing growth theory, is consistent with the laws that govern material processes in general, with the historical record from time immemorial, and with data. Specifically, it provides compelling rationalizations of the 1970s productivity slowdown, Robert Solow's information paradox and the failure of policy in Western industrialized nations to restore growth rates. Drawing from classical mechanics and thermodynamics, it provides a consilient account of the material processes that were the very subject of political economy in the 19th century and economics in the 20th and 21st centuries.
More details
Edition
Unabridged edition
Language
English
Place of publication
Newcastle upon Tyne
United Kingdom
Target group
Professional and scholarly
Edition type
Unabridged edition
Product notice
With dust jacket
Dimensions
Height: 212 mm
Width: 148 mm
ISBN-13
978-1-5275-6581-4 (9781527565814)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
10/2024
1st Edition
Cambridge Scholars Publishing
€58.37
Shipment within 15-20 days

E-Book
05/2021
1st Edition
Cambridge Scholars Publishing
€216.99
Available for download
Person
Bernard C. Beaudreau is Professor of Economics at Universite Laval, Canada. His research interests include economic theory, economic history, consilient science, industrial revolutions and heterodox economics.