The chemistry of growth

Article Abstract:

There are a number of theories seeking to explain economic growth, but no single explanation appears satisfactory. The neoclassical view stresses that investment boosts growth only temporarily, and the workforce and productivity affect growth levels. The endogenous growth theory places more emphasis on human capital and productivity. Other economists, such as Ralph Landau, place more emphasis on technology. There are a number of factors that could explain how economies adapt, such as the education system, but it is unclear which is most important.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Economic development, Capital investments, Labor market

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The hitchhiker's guide to cybernomics

Article Abstract:

Some economists are observing globalization and the rapid advance of technology and are declaring that the world economy is about to undergo a tremendous change. While many such views may be overstated, change does seem to be in the offing, and governments should plan to help with the adjustment.

International aspects, Economic history

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A game of monopoly

Article Abstract:

Technology will cause a centralization of resources in a decreasing number of monopolistic businesses, argues Stanford University economist Brian Arthur. Arthurs' theory predicts that middlemen will be downsized out of existence as consumers gain direct access to services through the Internet.

Forecasts and trends, Works, Industrial concentration, Monopolistic competition, Arthur, Brian

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