Description :
This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design.
The book can be used by postgraduate students of Economics and as a reference for professional economists in government or international financial organizations.
“Aghion and Howitt’s work on growth and policy has vastly increased our understanding of endogenous incentives and supportive policies that drive growth in advanced and developing countries. In this important book, they bring their own insights and the insights of other pioneers to bear on the broader context of growth. This book is accessible, fascinating and extremely useful.”
—Michael Spence
Professor Emeritus, Stanford University
and Winner of the 2001 Nobel Prize in Economics
“Aghion and Howitt have produced a very important and thoughtful book which presents questions, models, and answers in a clear and constructive manner. They show how good theory can and should influence both understanding and policy. It will shape the way in which economists think about growth for years ahead.”
—Nicholas Stern
Lord Stern of Brentford and IG Patel
Professor of Economics and Government,
London School of Economics
AARON CHATTERJI
