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Titlebook: Economic Growth and Resources; R. C. O. Matthews Book 1980 Palgrave Macmillan, a division of Macmillan Publishers Limited 1980 economic gr

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https://doi.org/10.1007/978-3-658-29407-6 subject of this paper, is the commercial: European industrialisation as the outcome of a millennial Smithian process of division of labour between Europe as manufacturing Centre, workshop to the world, and the other countries as agrarian and mining Periphery, purveyor of raw materials in exchange for Europe’s manufactures.
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Models of Investment-Dependent Economic Growth Revisitedn successors, such as von Neumann,. suggest that the decisive cause of high economic growth is a high investment ratio (or, as it is frequently put, a high rate of savings). Neoclassical models, on the other hand, imply that the rate of growth cannot be permanently increased by a higher rate of capital formation.
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https://doi.org/10.1007/978-94-011-6660-7oduction workers was sufficient to buy 96 bushels of high-quality wheat.. The economics of the decline by half between 1900 and 1970 in the deflated price of wheat is well known. But the economics of the rise in real wages for time spent at work by labour, which is vastly more important, is still in large part unsettled.
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