Theories of Economic Development and Growth

accumulation agriculture capita incomes capita output capital accumulation capitalist cent century changes Colin Clark colonies commodities constant constant capital consumers consumption cultural David Ricardo demand developed countries diminishing returns economic development economic growth economic progress economists Eli Heckscher employment equal equations equilibrium example exchange factors factors of production Ghana History human Ibid idea improve increase industry investment J. S. Mill Kuznets labour force land laws Malthus manufacture marginal Marx Marx's means of production ment mercantilist method Mill nature Physiocrats planning Political Economy population growth Principles problem quantity R. C. O. Matthews rate of growth rate of profit raw materials reduce relative Ricardo rise Rostow savings sector Simon Kuznets social socialist society Soviet Union stage subsistence supply surplus surplus-value take-off technological Theories of Economic tion trade underdeveloped countries units utility variable wages wealth welfare workers