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The Economics of Prosperity

2023-02-14 Business & Economics
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Release : 2023-02-14
Genre : Business & Economics
Kind : eBook
Book Rating : 794/5 ( reviews)

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Book Synopsis The Economics of Prosperity by : Shawn Ritenour

Download or read book The Economics of Prosperity written by Shawn Ritenour. This book was released on 2023-02-14. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory.

Pillars of Prosperity

2011-08-28 Business & Economics
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Release : 2011-08-28
Genre : Business & Economics
Kind : eBook
Book Rating : 683/5 ( reviews)

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Book Synopsis Pillars of Prosperity by : Timothy Besley

Download or read book Pillars of Prosperity written by Timothy Besley. This book was released on 2011-08-28. Available in PDF, EPUB and Kindle. Book excerpt: How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.

Engines of Economic Prosperity

2021-09-01 Business & Economics
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Release : 2021-09-01
Genre : Business & Economics
Kind : eBook
Book Rating : 88X/5 ( reviews)

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Book Synopsis Engines of Economic Prosperity by : Meltem Ince-Yenilmez

Download or read book Engines of Economic Prosperity written by Meltem Ince-Yenilmez. This book was released on 2021-09-01. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the extent to which innovation and entrepreneurship are engines of economic prosperity. It brings together theorists and empiricists from diverse backgrounds to provides a comprehensive overview of the field of entrepreneurship, focusing specifically on entrepreneurial developments within Turkey and the surrounding regions and Europe. It looks at innovation, creativity, economic development and women’s empowerment. This book considers the for-profit and the not-for-profit sectors, and examines outcome metrics such as change, sustainability and employment, in addition to economic value. This book will inspire academics and students to better understand the origins, evolution and impact of new ideas, new organizations, and new industries, and the impact on the economy. This book offers an excellent foundation for investigating and questioning current entrepreneurial practices across developed economies. It will also provide the foundations for researching and evaluating new and existing approaches to emerging technologies. Additionally, the book will offer useful insights into the real world, and will appeal to academics in economics and business as well as those studying entrepreneurship on the international scene.

The Political Economy of Prosperity

1970
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Release : 1970
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Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Political Economy of Prosperity by : Arthur M. Okun

Download or read book The Political Economy of Prosperity written by Arthur M. Okun. This book was released on 1970. Available in PDF, EPUB and Kindle. Book excerpt:

The Knowledge Capital of Nations

2023-08-15 Business & Economics
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Release : 2023-08-15
Genre : Business & Economics
Kind : eBook
Book Rating : 95X/5 ( reviews)

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Book Synopsis The Knowledge Capital of Nations by : Eric A. Hanushek

Download or read book The Knowledge Capital of Nations written by Eric A. Hanushek. This book was released on 2023-08-15. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

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