Making of the Classical Theory of Economic Growth

<p>This book collects together for the first time Anthony Brewer's work on the origins and development of the theory of economic growth from its eighteenth-century beginnings to its dominance in economic thinking in the nineteenth century. The key to the origins of the theory is that writers before Turgot and Smith, though they laid the foundations for later work, had no concept of continuing growth.</p><p>This book looks at many of the key players such as Smith, Hume, Ferguson, Steuart, Turgot, West and Rae and is tied together with a rigorous introduction and a new chapter on capital accumul</p> <p><strong>Part 1: The Invention of Economic Growth </strong>1. Introduction<strong> </strong>2. The Concept of Growth in Eighteenth Century Economics <strong>Part 2: The Scottish Tradition from Hume to Smith </strong>3. An Eighteenth Century View of Economic Development: Hume and Steuart<strong> </strong>4. Luxury and Economic Development: David Hume and Adam Smith<strong> </strong>5. Adam Ferguson, Adam Smith, and the Concept of Economic Growth <strong>Part 3: Accumulation and Growth: Turgot and Smith </strong>6. Turgot, Founder of Classical Economics<strong> </strong>7. Turgot, Smith, and Capital Accumulation <strong>Part 4: Growth, Saving and Distribution </strong>8. Adam Smith on Classes and Saving<strong> </strong>9. Rent and Profit in the Wealth of Nations<strong> </strong>10. Edward West and the Classical Theory of Distribution and Growth <strong>Part 5: Epilogue: John Rae and Technical Change </strong>11. Economic Growth and Technical Change: John Rae's Critique of Adam Smith<strong> </strong>12. Invention</p>