|Title:||The Economics of Growth|
|Authors:||Philippe Aghion and Peter Howitt|
|Description:||Why This Book? To learn about economic growth you need formal theory, for organizing the facts, clarifying causal relationships, and drawing out hidden implications. In growth economics, as in other areas of economics, an argument that is not disciplined by a clear theoretical framework is rarely enlightening. Our experience with graduates and undergraduates at Brown and Harvard has taught us, however, that the theory needed to understand the substantive issues of economic growth is much simpler than what is found in most modern textbooks. You do not need to master all the subtleties of dynamic programming and stochastic processes in order to learn what is essential about such issues as crosscountry convergence, the effects of fi nancial development on growth, and the consequences of globalization. The required tools can be acquired quickly by anyone equipped with elementary calculus and probability theory|
|Appears in Collections:||Environmental and Development Studies|
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