Education, Research and Other Unidentified Factors in Growth

Ingvar Svennilson

Chapter Chapter 5 in Problems in Economic Development, 1965, pp 92-111 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; Marginal Return; Main Innovation; Unidentified Factor; Real Capital (search for similar items in EconPapers)
Date: 1965
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DOI: 10.1007/978-1-349-15223-0_5

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