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The Unbearable Lightness of A Useful Knowledge and Economic Growth

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dc.contributor Háskóli Íslands
dc.contributor University of Iceland
dc.contributor.author Eggertsson, Þráinn
dc.date.accessioned 2017-03-16T13:14:01Z
dc.date.available 2017-03-16T13:14:01Z
dc.date.issued 2008
dc.identifier 10.24122/tve.a.2008.6.2.4
dc.identifier.citation Þráinn Eggertsson. (2008). The Unbearable Lightness of A Useful Knowledge and Economic Growth. Tímarit um viðskipti og efnahagsmál, 6(2), 19-34. Doi:10.24122/tve.a.2008.6.2.4
dc.identifier.issn 1670-4444
dc.identifier.issn 1670-4851 (e-ISSN)
dc.identifier.uri https://hdl.handle.net/20.500.11815/207
dc.description.abstract Economists usually sing with the same nose when they answer questions about the role of technology in economic growth. They generally agree that sustained long-term growth in productivity, which began in Western Europe some two centuries ago, could not have been maintained in an environment of stagnant production technologies. Whether we consult Karl Heinrich Marx, Joseph Alois Schumpeter or Robert Merton Solow, the answer is the same: new technologies are the source of long-term economic growth. Economists, as we know, usually argue that the production and utilization of new technologies depend critically on appropriate social institutions, such as competition, decentralized markets, secure property rights, enforceable contracts, and norms of trust and reciprocity. Yet virtually no one argues that long-term growth in output per worker is possible in an economy with stationary production techniques.
dc.format.extent 19-34
dc.language.iso en
dc.publisher Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands.
dc.relation.ispartofseries Tímarit um viðskipti og efnahagsmál;6(2)
dc.rights info:eu-repo/semantics/openAccess
dc.subject Hagvöxtur
dc.subject Tækninýjungar
dc.subject Upplýsingarstefnan
dc.subject Hagfræði
dc.title The Unbearable Lightness of A Useful Knowledge and Economic Growth
dc.type info:eu-repo/semantics/article
dcterms.license Creative Commons Attribution 4.0 License
dc.date.updated 2017-03-15T14:28:44Z
dc.description.version Peer Reviewed
dc.description.version Ritrýnt tímarit
dc.identifier.journal Research in applied business and economics
dc.identifier.doi 10.24122/tve.a.2008.6.2.4
dc.relation.url http://www.efnahagsmal.is/article/view/a.2008.6.2.4
dc.contributor.department Hagfræðideild (HÍ)
dc.contributor.department Faculty of Economics (UI)
dc.contributor.school Félagsvísindasvið (HÍ)
dc.contributor.school School of Social Sciences (UI)

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