Summary: This Paper has a two-fold purpose: 1) to explore the abstract and theoretical principles of the classical and neoclassical economic theory to the notion of the economic growth under the terms and conditions of the technological progress; 2) to try to apply these provisions with national economic practice of modern Ukraine.
Summary: The benefits of co authoring vastly outweigh the costs in my own case. So much so that I have engaged in this form of publication on numerous occasions. The present paper (single authored) sets out the advantages and disadvantages, and relates my several decades long experience with this mode of cooperative writing.
Summary: This paper attempts to grapple with the market mechanism through which growth in one sector of the economy spreads to other sectors. It calls into question Baumol’s argument for subsidies to the arts and by extension, to other economic areas that have not enjoyed productivity increases.