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About this product
- DescriptionWhile the decline of U.S. ecomic growth has been widely recognized and debated by professional ecomists, one has until w offered a comprehensive description and explanation. Professor Bjork does so, and he explains the growth slowdown as a natural consequence of ecomic maturity. In addition, Bjork explains how productivity growth occurs within industries and the ecomy as a whole and how accounting conventions fail to account for growth in expanding sectors of the ecomy such as services and government. He quantifies the effects of structural change in slowing the rate of growth, and he demonstrates why taxes and transfer payments for the education of the young and the maintenance and health care of the retired population necessarily increase with ecomic growth and maturity. This is an important synthesis for professional ecomists and policy makers as well as students and the concerned public.
- Author BiographyGORDON C. BJORK is Jonathon B. Lovelace Professor of Economics, Claremont McKenna College and the Peter F. Drucker School of Management, The Claremont Graduate School./e A former college president as well as consultant for various corporations and banking associations, Professor Bjork is the author of three earlier books on macroeconomic issues.
- Author(s)Gordon C. Bjork
- Date of Publication30/10/1999
- SubjectEconomics: Professional & General
- Place of PublicationWestport
- Country of PublicationUnited States
- ImprintPraeger Publishers Inc
- Content Noteblack & white illustrations
- Weight643 g
- Width152 mm
- Height229 mm
- Spine22 mm
- Format DetailsLaminated cover
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