Education, Research and other Unidentified Factors in Growth

Ingvar Svennilson
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Ingvar Svennilson: University of Stockholm

Chapter Chapter 3 in The Economics of Education, 1966, pp 71-85 from Palgrave Macmillan

Abstract: Abstract The assumption, ‘ ceteris paribus’ is, indeed, a necessary prerequisite for any theory that aims at explaining certain specific characteristics of an economic system. Without this assumption the theoretical tools cannot be sharpened. Without it, economics deteriorates to a descriptive or institutional science incapable of explaining economic development.

Keywords: Technical Knowledge; Full Employment; Marginal Return; Industrial Unit; Main Innovation (search for similar items in EconPapers)
Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08464-7_3

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DOI: 10.1007/978-1-349-08464-7_3

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