The Economics of Prosperity

Download or read book The Economics of Prosperity written by Shawn Ritenour and published by Edward Elgar Publishing. This book was released on 2023-02-14 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory.