First published in 1960, this seminal work illuminates the interrelations of the various approaches to the theory of economic growth. Professor Meade seeks to understand the factors which determine the speed of economic growth and outlines the ways in which classical economic analysis may be developed for application to the problem of economic growth.
Table of Contents
1. Introduction 2. Three Determinants of the Rate of Economic Growth 3. Changes in the Rate of Economic Growth 4. The State of Steady Economic Growth 5. An Alternative Treatment of Technical Progress 6. The Rigidity of Machinery 7. The Price of Capital Goods 8. Depreciation and Replacement Appendix 1. The Elasticities of Substitution between Three Factors Appendix 2. A Two Product Economy Appendix 3. Depreciation by Sudden Death