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Titlebook: Escaping Satiation; The Demand Side of E Ulrich Witt Conference proceedings 2001 Springer-Verlag Berlin Heidelberg 2001 (economic)growth.Gr

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Demand as a factor in the industrial revolution: A historical noteedge” as a historical entity is proposed, in which we study the institutional and cultural factors that lead to a sudden and irreversible change in the dynamics of technological progress in Western Europe in the eighteenth century.
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Knowledge, consumption, and endogenous growtheturns. Several writers have responded to this alarming circumstances by affirming hopefully that knowledge today is increasingly codified, general, and abstract — and increasingly less tacit. This paper disputes such a trend. But all is not lost: for knowledge does not have to be codified to be reused and therefore to generate economic growth.
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Variety, growth and demandarriers are overcome: 1) a critical (minimum) level of income, 2) critical human capital, 3) critical fitness. However, even a new good or service with a fitness higher than that of pre-existing ones, will not be immediately adopted. Consumers’ .limited knowledge will slow down the rate of adoption of any new good or service.
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Satiation in an international economyurves with phases of expansion and saturation. The economies of scale are exploited by international labor division where the two countries specialize on different sectors. A country which specializes on the production of the income-inelastic good may suffer losses from international labor division and trade.
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