The Divergent Dynamics of Economic Growth Day Hardback 9780521830195

The Divergent Dynamics of Economic GrowthStudies in Adaptive Economizing, Technological Change, and Economic Development\nAuthor(s): Richard H. Day\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521830195, 978-0521830195\nSynopsis\nThis book explains how changing technology and economizing behaviour induce vast changes in productivity, resource allocation, labour utilization, and patterns of living. Economic growth is seen as a process by which businesses, regimes, countries, and the whole world pass through distinct epochs, each one emerging from its predecessor, each one creating the conditions for its successor. Viewed from a long-run perspective, growth must be characterized as an explosive process, marked by turbulent transitions in social and political life as societies adapt to new opportunities, the demise of old ways of living, and to the vast increase and redistribution of human populations. The bo.