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Engines of growth

In: Capitalism and Democracy

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Abstract

Capitalism is driven by technological revolutions, leading to alternating periods of regulation and deregulation in leading economies. Technologically backward countries face a different situation as they have to catch up with the leaders. Against this backdrop, Theo van de Klundert examines the relationship between capitalism and democracy, combining economic theory and historical description to analyse long-run economic development. Emphasis is placed on the interrelation between economic and political power, and a robust state-of-the-art overview of today’s political economy is presented.

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  • ., 2013. "Engines of growth," Chapters, in: Capitalism and Democracy, chapter 3, pages 45-66, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15248_3
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    Economics and Finance;

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