A Grim View of Development: The End of Growth as We Know it?

Mats Larsson

Chapter 1 in The Limits of Business Development and Economic Growth, 2004, pp 4-23 from Palgrave Macmillan

Abstract: Abstract The key argument in this book is based on a re-evaluation of economic development and the questioning of a key assumption of business and economics. The theories of economics are based on the assumption that an economy is a system that strives towards a balance between supply and demand in a number of markets. During a recession there is a temporary decline in the demand for labour, capital, real estate and other resources, but the people who control these resources are constantly looking for new ways to employ them. In that way new business is constantly created.

Keywords: Supply Chain; Growth Opportunity; Case Company; Machine Cost; Electronic Data Interchange (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51143-9_2

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DOI: 10.1057/9780230511439_2

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