Innovation, changes in market structure, and changes in income distribution are the forces that drive the general process of economic growth or decline. This is

In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growt

Why Enlightenment culture sparked the Industrial Revolution During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and th

Technological advance is the key driving force behind economic growth, argues Richard Nelson. Drawing on a deep knowledge of economic and technological history