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Science and the Wealth of Nations
The Physics of Economic Growth
Idea-based growth theory has been a bust. This volume presents an alternative approach, drawing from classical mechanics and thermodynamics. Consistent with the historical record and data, it explains the 1970s productivity slowdown, the Solow paradox, and policy failures.
Idea-based growth theory has been a bust. This volume presents an alternative approach, drawing from classical mechanics and thermodynamics. Consistent with the historical record and data, it explains the 1970s productivity slowdown, the Solow paradox, and policy failures.
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This product has multiple variants. The options may be chosen on the product page