Conclusions

R. M. Sundrum

Chapter 13 in Economic Growth in Theory and Practice, 1990, pp 271-287 from Palgrave Macmillan

Abstract: Abstract Although the causes of economic growth have been studied since classical times, the theories which are currently fashionable derive mainly from the neo-classical interest in the subject in the 1950s and 1960s, when there was a veritable explosion of articles and books on the subject for well nigh two decades. Since then, however, interest in the subject waned in the 1970s, when economists shifted their attention to the short-term macroeconomic problems affecting most countries in that decade. The theory of growth developed in the 1950s and 1960s is now relegated to chapters in the fashionable textbooks, and forms the main diet on which successive generations of students continue to be fed.

Keywords: Income Distribution; Service Sector; Productive Capacity; Government Expenditure; Growth Theory (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37681-6_13

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DOI: 10.1057/9780230376816_13

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