Towards a renewal of political economy

Multitudes 2 (2000)
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Abstract

Old concepts and theoretical innovation Capital and labour cannot explain alone the production of wealth. Since the 80’s, endogenous growth models and the evolutionist theory of technical change constitute a fundamental renewal inside the economic thought. Their attempt to explain the emergence of new forms of wealth, and new modes of producing, through the concepts of increasing returns, externalities, human capital and learning, is however of a shy sort

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