U.S. economic growth since 1870: one big wave?
Article Abstract:
A study was conducted to analyze economic growth in the US since 1870. Multi-factor productivity growth determined from inputs combining simple measures of labor hours and the capital stock and growth was examined. Results indicated that productivity in the 20th century was spearheaded by inventions in the late 19th and early 20th centuries. These inventions can be categorized into four classifications, namely, electricity, internal-combustion engines, 'rearranging molecules,' and communications/entertainment.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1999
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Why the principles course needs comparative macro and micro
Article Abstract:
Comparative economics studies economic behavior as it differs according to place or according to time period. International comparisons can illustrate basic economic principles in teaching both macroeconomics and microeconomics. Comparative macro offers perspective on monetary policy and the law of twin deficits, and international micro offers insights into even more basic principles. Comparisons of rich and poor countries can be used to help students to explore theories of economic growth and development.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
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Reflections on the hiring of faculty
Article Abstract:
Funding cuts for public universities may cause an increase in teaching loads and a decrease in research time for economics teachers. The reputation of the institution and department, the location and areas of specialization are important factors in evaluating employment offers. The profession of economics is growing due to the increase in the number of programs offering strong training, the number of foreign-born economists available for positions and the number of competent women economists.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
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