Introduction
Introduction
This chapter discusses four distinct processes of economic growth: a) Solovian growth, in honor of Robert Solow; b) Smithian growth, Adam Smith's mechanism of growth; c) scale or size effects, which maintained that population growth itself can lead to per capita income growth; and Schumpeterian growth, by Joseph A. Schumpeter. It focuses on the Schumpeterian form of economic growth, which usually accompanies technological change. The chapter discusses technological change dealing with other forms of economic growth only insofar as they touch upon technological change directly. It points out that technological creativity is analyzed largely as a social, rather than an individual, phenomenon. The chapter focuses on why there were, and whether there still are, societies that have more creative individuals in them than others, and discusses the question that lies at the foundation of the issue of issues: Why does economic growth (at least of the Schumpeterian type) occur in some societies and not others?
Keywords: economic growth, Solovian growth, Robert Solow, Smithian growth, Adam Smith, size effects, scale effects, Schumpeterian growth, Joseph A. Schumpeter, technological creativity
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
