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Category: Economic Growth

Not the end of the world

By Jan Fagerberg Posted on 05/06/2024 Posted in Climate Change, Economic Growth, Renewable Energy

Hanna Ritchie is a Scottish researcher with a PhD in environmental science, and one of the editors of “Our world in data”. In  the book “Not the end of the world” she confronts the widespread pessimism regarding the future of …

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The global green shift

By Jan Fagerberg Posted on 17/01/2023 Posted in Climate Change, Economic Growth, Innovation, Renewable Energy

Economic development is a process of constant change, driven by innovation. Such changes  challenge the positions of existing firms, forcing them to adapt, but also provide opportunities that firms of all types, including new entrepreneurial ventures, may exploit. A similar …

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Vaclav Smil: Growth

By Jan Fagerberg Posted on 01/06/2020 Posted in Economic Growth

Vaclav Smil has over the years published a large number of books, mostly on energy, on which is he is regarded as a leading expert. His books have received wide acclaim, among others from Bill Gates, who has said that …

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Modern Evolutionary Economics

By Jan Fagerberg Posted on 14/01/2019 Posted in Economic Growth

The 1982 book “An Evolutionary Theory of Economic Change” by Richard Nelson and Sidney Winter has become a true social science classic, and is the most cited work within the field of innovation studies. However, contrary to the authors’ own …

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Piketty’s “Capital in the Twenty-First Century”

By Jan Fagerberg Posted on 17/02/2015 Posted in Economic Growth

Piketty’s “Capital in the Twenty-First Century “ has got a lot of attention, and  deserves praise for its detailed presentation of data on distribution of income and wealth over the longer run.  However, the title of the book, mimicking one …

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William Baumol: ”The Free-Market Innovation Machine”

By Jan Fagerberg Posted on 10/11/2003 Posted in Economic Growth

This book is, as the title indicates, devoted to an analysis of the growth miracle of capitalism. It is a blend of verbal discussion and formal analysis. Although the book also contains some material that is historical in character, considering …

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Freeman and Louçã: “As Time Goes By”

By Jan Fagerberg Posted on 14/10/2002 Posted in Economic Growth

This is an unusual book, and a very important one, too. It addresses „big issues“ such as the (theoretical) sources of the evolutionary approach, and how this approach might be developed in understanding how the economy evolves through time. As …

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Technology and Industrial Progress by Nick von Tunzelmann

By Jan Fagerberg Posted on 01/01/1997 Posted in Economic Growth, Innovation

This is an impressive book.  Not only because of its length (more than five hundred pages), or the large number of books and articles cited in the text (between seven and eight hundred). What really makes this book exceptional is …

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