000			01740 a2200253 4500
003			OSt
005			20250122162249.0
008			190208b xxu||||| |||| 00| 0 eng d
020			_a9780521725200
040			_cIIT Kanpur
041			_aeng
082			_a338.9001 _bG762e
100			_aLa Grandville, Olivier de, author.
245			_aEconomic growth _bunified approach _cOlivier de La Grandville; with a foreword and two contributions by Robert M. Solow.
260			_bCambridge University Press _c2009 _aCambridge
300			_axiii, 361 p.
500			_aIncludes bibliographical references (p. 351-355) and index.
505			_a
520			_aHow can society improve its living standards? What are the conditions necessary for prosperity? These are the questions that define the essence of growth theory. In this user-friendly book, Olivier de la Grandville provides a fascinating introduction to the theory of economic growth and shows how many results from this field are of paramount importance for society. The classical mechanics of the growth process are carefully explained, with two chapters devoted to the fundamental issue of the substitution of labor for capital in the growth process (co-written with Robert M. Solow, winner of the Nobel Prize in Economics). The book also addresses the fundamental question of the optimal investment rate of an economy. In addition, de la Grandville shows us that by unifying the descriptive and normative aspects of growth theory we can generate many fresh insights, including a proof of Adam Smith's 'Invisible Hand' conjecture.
650			_aEconomics--Mathematical models.
653			_aEconomic development.
700			_aSolow, Robert M.
942			_cBK
999			_c560103 _d560103