Growth Mechanism of the German Economy: Theory and Practice

Focusing on the Kaldorian approach, György Simon, Jr. explores growth mechanisms in post-war Germany, emphasizing their impact on output, pricing, and income distribution. His analysis incorporates key economic aspects such as production, equilibrium prices, and capital formation. The book addresses policy challenges like resource mobilization and international linkages, while explaining manufacturing's pivotal role in macroeconomic growth. Utilizing an endogenous growth model, it examines the interplay of technical progress, physical and human capital, and the dynamics of creative economic activity.