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Author (up) Nelson, R.R. openurl 
  Title The Agenda for Growth Theory: A Different Point of View Type Journal Article
  Year 1998 Publication Cambridge Journal of Economics Abbreviated Journal  
  Volume 22 Issue 4 Pages 497-520  
  Corporate Author Thesis  
  Address Columbia U  
  Keywords Economic Growth and Aggregate Productivity: General (O400); Growth  
  Abstract It is argued here that the basic assumptions of neoclassical growth theory inherently limit the ability of models within that theory to cast light on economic growth as we have experienced it. This holds for 'the new growth theory' as well as the older growth theory of the 1950s and 190Js. It is proposed that to make real headway with understanding economic growth, a growth theory needs the following elements: (1) the ability to treat technological advance as an essentially disequilibrium process; (2) to incorporate a theory of the firm in which firm capabilities and differences across firms are central elements; and (3) to incorporate into the theory a richer body of institutions than currently are treated in standard growth theory, including, at the least, universities.  
  Publisher Place of Publication Editor  
  Language Summary Language Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 0309-166X ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number CU @ rrn2 @ Serial 97  
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