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Author:Foss, N.
Title:The new growth theory: some intellectual growth accounting
Journal:Journal of Economic Methodology
1998 : DEC, VOL. 5:2, p. 223-246
Index terms:METHODOLOGY
GROWTH THEORY
ACCOUNTING
Language:eng
Abstract:This paper discusses the reasons for the success of the new growth theory. Given that the NTG does not appear to say much new about empirical reality, that its essential ideas have been known for a long time, and that it does not really make contact with a large literature on institutions and economic change, its strong success may arguably be seen as surprising. Or, at least, its success may appear peculiar to Lakatosian methodologists, and others who emphasize notions such as "novel facts".
SCIMA record nr: 184207
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