 |
Knowledge is the only instrument of production
not subject to diminishing returns. (J.M.Clark) An abstract case could be made that all innovations, being expressions of human imagination, are in a sense combinatoric. (Martin Weitzman) Among chosen combinations the most fertile will often be those formed of elements drawn from domains which are far apart. (Henri Poincaré) |
Welcome to my Economic Growth and Development website. It is intended to stimulate your interest in this fascinating and ever-changing field of economics. It is also intended to serve as a running update of my textbook, Economic Growth and Development, McGraw-Hill Irwin, 2001. By definition, economic growth is a process of continuous change. What better way to follow the changes felt throughout the world than through the flexible medium of the internet. Why wait three or more years for a new edition before you, the reader, get to see updated material on the ever-changing subject of economic growth and development!
This site is also intended to entertain and stimulate thinking. Therefore, a great variety of material is presented. I do not endorse the articles and books mentioned here, nor do I expect you to agree with all of the ideas presented. I certainly do not agree with everything I list and review on this site. I do hope that you will enjoy the opportunity to supplement the textbook material with these references and discussions of the on-going creative thinking on the subject of growth and development. I look forward to your comments and suggestions.