July 1, 1988
Wiener Center for Social Policy, John F. Kennedy School of Government

How is it that some people arrive at mechanisms for applying their scarce resources towards the satisfaction of their unlimited wants in such a way as to provide for a steadily rising stability to satisfy those wants, while creating a society in which people want to live? The argument of this article is that the origins and paths of growth are determined primarily by the societal institutions which channel efforts into productivity, provide pay offs for capital investments and organize the division of labor.

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