Allyn Young’s Contribution to Growth Theory

Ramesh Chandra

Chapter 4 in Allyn Abbott Young, 2020, pp 95-126 from Palgrave Macmillan

Abstract: Abstract This chapter takes up Smith’s and Young’s growth ideas, later developments by Kaldor and Currie, post-war development economists and ‘new’ growth and trade theorists. Young interpreted Smith’s relationship between the division of labour and market size in terms of cumulative causation and concluded that the division of labour in large part depends on the division of labour. While Smith laid great stress on the institutional arrangements promoting growth, Young explained the mechanics of the growth process more fully. Young’s students Kaldor and Currie, as well as others like post-war development economists, ‘new’ growth and trade theorists, further developed his growth ideas.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-030-31981-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030319816

DOI: 10.1007/978-3-030-31981-6_4

Access Statistics for this chapter

More chapters in Great Thinkers in Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().