counter create hit The Source of Economic Growth - Download Free eBook
Ads Banner
Hot Best Seller

The Source of Economic Growth

Availability: Ready to download

This book examines the two most important questions in economics: 1) What is the source of real per capita economic growth, and 2) What caused the industrial revolution? The industrial revolution is important, because it is the first time any large group of people escape subsistence living (Malthusian Trap) and their incomes start to grow. By examining these questions, the This book examines the two most important questions in economics: 1) What is the source of real per capita economic growth, and 2) What caused the industrial revolution? The industrial revolution is important, because it is the first time any large group of people escape subsistence living (Malthusian Trap) and their incomes start to grow. By examining these questions, the book devises a science of economics that is consistent with natural rights, the founding of the United States, and is tied to the biological reality of life. "The Source of Economic Growth by Dale Halling examines the rarely discussed origin of economic growth. Completely different than Keynesian economics and somewhat different than the Austrian economic approach, Halling examines how America's founding views on intellectual property and low taxation allowed it to prosper far faster than the rest of the world. Without the proper incentives in place and the appropriate protections of patents, copyrights, and trademarks, the inventions that are the key to improvement in the quality of life will never occur. One particularly intriguing analogy is made between economics and thermodynamics. Halling argues that, in the absence of invention, economic behavior equilibrates fairly quickly. As when living things harvest light or other forms of energy, to move away from a state of maximum entropy and minimum energy, invention provides a disturbance in the governing differential equations of economic transactions that leads to a new, improved steady-state until the next invention, competition, or government intervention disturbance takes place.” James Brenner, PhD.


Compare
Ads Banner

This book examines the two most important questions in economics: 1) What is the source of real per capita economic growth, and 2) What caused the industrial revolution? The industrial revolution is important, because it is the first time any large group of people escape subsistence living (Malthusian Trap) and their incomes start to grow. By examining these questions, the This book examines the two most important questions in economics: 1) What is the source of real per capita economic growth, and 2) What caused the industrial revolution? The industrial revolution is important, because it is the first time any large group of people escape subsistence living (Malthusian Trap) and their incomes start to grow. By examining these questions, the book devises a science of economics that is consistent with natural rights, the founding of the United States, and is tied to the biological reality of life. "The Source of Economic Growth by Dale Halling examines the rarely discussed origin of economic growth. Completely different than Keynesian economics and somewhat different than the Austrian economic approach, Halling examines how America's founding views on intellectual property and low taxation allowed it to prosper far faster than the rest of the world. Without the proper incentives in place and the appropriate protections of patents, copyrights, and trademarks, the inventions that are the key to improvement in the quality of life will never occur. One particularly intriguing analogy is made between economics and thermodynamics. Halling argues that, in the absence of invention, economic behavior equilibrates fairly quickly. As when living things harvest light or other forms of energy, to move away from a state of maximum entropy and minimum energy, invention provides a disturbance in the governing differential equations of economic transactions that leads to a new, improved steady-state until the next invention, competition, or government intervention disturbance takes place.” James Brenner, PhD.

6 review for The Source of Economic Growth

  1. 4 out of 5

    Mark Lawry

    Perhaps this could be classified as a short essay and can surely be read in one sitting. Which is saying something from a slow reader like myself. That is not to say it is bad, just short. The only problem I have with the book is I kept reading that the topic of innovation is "little discussed" in economics. I think Halling and I have read very different books about economics. Innovation is the heart of economics and surely the most written about topic in the last 200 years. Other books I would r Perhaps this could be classified as a short essay and can surely be read in one sitting. Which is saying something from a slow reader like myself. That is not to say it is bad, just short. The only problem I have with the book is I kept reading that the topic of innovation is "little discussed" in economics. I think Halling and I have read very different books about economics. Innovation is the heart of economics and surely the most written about topic in the last 200 years. Other books I would recommend that back up the points in the book would include The Rational Optimist by Ridley, Abundance by Diamondis, Start-up Nation by Singer and Senor. Among many others. Halling includes a short fictional conversation between an interviewer and a person from the future. I'm quite sure several longer books could be written about each of the points in this conversation. Unfortunately it was just left at a couple pages. I think these few pages could spark many great debates.

  2. 4 out of 5

    Kevin Gomez

    I think this was a great overview to a theory of economic growth. I think this book coupled with the ideas in McCloskey's book provides a solid argument for how economic growth comes about and how we should shape it for the future. It was an easy read, thorough, and great to get someone started in thinking about these ideas.

  3. 4 out of 5

    Steve

  4. 4 out of 5

    Derek Nannings

  5. 4 out of 5

    KyungKyu Shin

  6. 4 out of 5

    Dest

Add a review

Your email address will not be published. Required fields are marked *

Loading...
We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy.