Germany's Economic Growth Mechanism: Theory and Practice

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The book explores the mechanisms of economic growth, focusing on the Federal Republic of Germany's postwar economy through a Caldorian lens. György Szymon, Jr. analyzes key factors like production, pricing, and income distribution, alongside the interplay of profit and wage formation. He addresses economic policy issues, including resource mobilization and international relations, while presenting a model of manufacturing growth influenced by exchange rates. An endogenous growth model is employed to examine the roles of physical and human capital in fostering technological progress and creative economic activity.