Economic Growth in a Transfer Society: The United States Experience

Terry L. Anderson and P. J. Hill

The Journal of Economic History, 1981, vol. 41, issue 1, 113-119

Abstract: Economic growth occurs when individuals of a society engage in productive, positive-sum games. Conventional measures of growth, however, include measures of positive- and negative-sum games. This paper establishes a framework for distinguishing between productive (positive-sum) and transfer (negative-sum) activity. The role of the Constitution in promoting productive activity is discussed.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:41:y:1981:i:01:p:113-119_04

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