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Allyn Young is one of the central figures in the development of American economic thought, and is one of the originators of modern endogenous growth theory. This book allows full appreciation of the full extent of Young's work because many of his most significant contributions are buried in obscure journals and unsigned articles. This volume addres
Allyn Young (1876-1929) was a deep thinker and achieved fame during his lifetime. His fame owes more to his style and influence as a teacher than his published work. His greatest fame as an author rests on a single economic paper on increasing returns and economic progress but he contributed much more as a mentor to his graduate students such as Frank Knight, Edward Chamberlin, and Lauchlin Currie at Harvard and to the undergraduate Nicholas Kaldor at the London School of Economics. He shot into international fame for his role as a member of the American delegation led by President Woodrow Wilson to negotiate peace at Paris after WWI. However, recent interest in Young is more due to his thou...
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In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.
This volume clarifies the character and fundamental structures of ‘political economy’ as an intellectual discipline in the texts of Adam Smith and will be vital reading for historians of economic thought and philosophers of social science.
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student...
This story of Latina labor organizers is “a vital accounting of the struggles still being waged” (Margaret Randall, author of When I Look Into the Mirror and See You: Women, Terror, and Resistance). Women who pick and pack bananas in Latin America have organized themselves and gained increasing control over their unions, their workplaces, and their lives—while making gender equity central in their effort. Highly accessible and narrative in style, and written by the author of the award-winning Buy American: The Untold Story of Economic Nationalism, Bananeras recounts the history and growth of this vital movement and shows how Latin American woman workers are shaping and broadly reimagin...