How Growth Really Happens: The Making of Economic Miracles through Production, Governance, and Skills...

— —

Michael Best

How Growth Really Happens

The Making of Economic Miracles through Production, Governance, and Skills

Michael Best

$39.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Princeton University Press
01 February 2022

Economic theory & philosophy; Monetary economics; Economic growth

A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first century.

Achieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an economic framework that focuses on production, governance, and skills.

This production-centric framework is the culmination of three simultaneous journeys. The first has been Best's visits to hundreds of factories worldwide, starting early as the son of a labor organiser and continuing through his work as an academic and industrial consultant. The second is a survey of two hundred years of economic thought from Babbage to Krugman, with stops along the way for Marx, Marshall, Young, Penrose, Richardson, Schumpeter, Kuznets, Abramovitz, Keynes, and Jacobs. The third is a tour of historical episodes of successful and failed transformations, focusing sharply on three core elements-the production system, business organisation, and skill formation-and their interconnections.

Best makes the case that government should create the institutional infrastructures needed to support these elements and their interconnections rather than subsidise individual enterprises. The power of Best's alternative framework is illustrated by case studies of transformative experiences previously regarded as economic 'miracles': America's World War II industrial buildup, Germany's postwar recovery, Greater Boston's innovation system, Ireland's tech-sector boom, and the rise of the Asian Tigers and China.

Accessible and engaging, How Growth Really Happens is required reading for anyone who wants to advance today's crucial debates about industrial policy, free trade, outsourcing, and the future of work.

By: Michael Best
Imprint: Princeton University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780691227252
ISBN 10: 069122725X
Pages: 320
Publication Date: 01 February 2022
Audience: Professional and scholarly , College/higher education , Undergraduate , Further / Higher Education
Format: Paperback
Publisher's Status: Active

Michael H. Best is professor emeritus of economics at the University of Massachusetts, and has worked on production restructuring projects with the United Nations Industrial Development Organization, the World Bank, and governments in twelve countries. He is the author of The New Competition and The New Competitive Advantage

Reviews for How Growth Really Happens: The Making of Economic Miracles through Production, Governance, and Skills

Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society A rare breadth of economic analysis. ---Paschal Donohoe, Irish Times Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding. ---Michael M. Rosen, Weekly Standard A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad. ---Rajah Rasiah, Asia Pacific Business Review Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world. * Choice *