Economic Growth in a Transfer Society: The United States Experience

1981 ◽  
Vol 41 (1) ◽  
pp. 113-119 ◽  
Author(s):  
Terry L. Anderson ◽  
P. J. Hill
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Productive Activity ◽  
States Experience

Economic growth occurs when individuals of a society engage in productive, positive-sum games. Conventional measures of growth, however, include measures of positive- and negative-sum games. This paper establishes a framework for distinguishing between productive (positive-sum) and transfer (negative-sum) activity. The role of the Constitution in promoting productive activity is discussed.

Introduction

2020 ◽  
pp. 1-30
Author(s):  
B. Zorina Khan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Technological Change ◽  
Knowledge Economy ◽  
The United States ◽  
Men And Women ◽  
Modern Knowledge ◽  
Wealth Of Nations

Knowledge and ideas, incentives, and institutions are central for understanding technological change and long-term economic growth. This book bridges the current disconnect between the economics of technological change and the analysis of institutions. The discussion draws on detailed information about the experience of over one hundred thousand ingenious men and women in Britain, France, and the United States, whose inventions helped to create the modern knowledge economy. These results overturn longstanding myths of invention about elites, innovation prizes, and “entrepreneurial states,” and instead highlight the pivotal role of property rights and markets in ideas in explaining technological progress and the wealth of nations.

Una lettera italiana di J.A. Schumpeter

1983 ◽  
Vol 1 (3) ◽  
pp. 199-207
Author(s):  
Domenico da Empoli
Keyword(s):  
United States ◽  
Economic Growth ◽  
New Deal ◽  
Modern Society ◽  
The United States ◽  
The Future ◽  
The Subject ◽  
The New Deal

Abstract This article refers to a letter written in 1931 by J. A. Schumpeter to an Italian professor, Celestino Arena, on the subject of the Italian edition of the Theory of Economic Growth.1931 was the last year spent by Schumpeter in Europe. The year after, he moved from Germany to the United States, where the New Deal environment would have profoundly changed his views about the role of the entrepreneur in modern society and, by consequence, about the future of capitalism.

The Role of the Railroads in United States Economic Growth

1963 ◽  
Vol 23 (4) ◽  
pp. 477-521 ◽  
Author(s):  
Paul H. Cootner
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic History ◽  
The United States ◽  
History Of

The railroads played an important role in the economic history of the United States. It was an epic role, involving enterprise on a grand scale, evoking heated passions, and rich in anecdote and drama.

scholarly journals The Role of Economic Policy Uncertainty in Renewable Energy-Growth Nexus: Evidence From the Rossi-Wang Causality Test

2021 ◽  
Vol 9 ◽  
Author(s):  
Zhou Lu ◽  
Linchuang Zhu ◽  
Chi Keung Marco Lau ◽  
Aliyu Buhari Isah ◽  
Xiaoxian Zhu
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Policy ◽  
Renewable Energy ◽  
Causal Relationship ◽  
The United States ◽  
Policy Uncertainty ◽  
Causality Test ◽  
Energy Growth

This paper examines the causal relationship between renewable energy consumption and economic growth in four countries: Brazil, Germany, Japan, and the United States. Unlike previous papers, we control economic policy uncertainty’s effects to capture the role of capabilities on the renewable energy-growth nexus. The recent Vector Autoregression (VAR)-based Granger-causality test of Rossi-Wang shows a bidirectional causal relationship between renewable energy and the economic growth in Brazil and Germany. There is also a significant causality from renewables to economic growth in the United States.

The Comparison of IT Economic Value in Different Productive Process: Based on Results from US, Japan and China

2011 ◽  
Vol 58-60 ◽  
pp. 309-314
Author(s):  
Shi Li
Keyword(s):  
United States ◽  
Economic Growth ◽  
Information Technology ◽  
Economic Value ◽  
The United States ◽  
Productive Process ◽  
Role Of Information ◽  
Production Probability ◽  
Japan And China

While researches focused on the role of information technology in Chinese economic growth in recent years, there has little research on comparing China’s IT contributions with other countries. The paper examined IT contribution in China with Production Probability Frontier and Dual Method, and compared it with the results of the United States and Japan. The results of the paper add to our understanding of how IT affects economic growth, and its value in economy.

scholarly journals The role of market power in economic growth: an analysis of the differences between EU and US competition policy theory, practice and outcomes

2016 ◽  
Vol 5 (1) ◽  
pp. 5 ◽  
Author(s):  
Stephane Ciriani ◽  
Marc Lebourges
Keyword(s):  
United States ◽  
Economic Growth ◽  
Market Power ◽  
Competition Policy ◽  
Chicago School ◽  
The United States ◽  
The European Union ◽  
Competition Intensity ◽  
Policy Theory

The European Union has experienced weak economic performance over the past 15 years, compared to the United States. In order to restore investment, innovation, and therefore growth, the European Commission seeks to raise the level of static competition in all markets. The Commission’s economic policy is largely determined by its competition policy. This policy is derived from its doctrine on competition law, which regards the exercise of market power as a source of inefficiency and advocates that its effects should be banned. By contrast, the United States competition authorities, under the influence of the Chicago School, consider that market power is a necessary incentive to invest and a fair return on investment. Recent findings in economic growth theory, which state that increased competition intensity may harm endogenous innovation, provide a theoretical basis to support the United States approach and call for a review of European doctrine.

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