Oxford University Press
2. Aug, 1999

Principles of Economic Growth

This is a concise and reader-friendly introduction to the principles of economic growth for students of economics and business. Gylfason examines theoretical and empirical models of economic growth through examples and case studies drawn from around the world and a trenchant analysis of classic thought in this area. The influence of public policy on economic efficiency and growth is a key theme which underpins this textbook’s engagement with issues such as liberalization, stabilization, privatization, and unemployment as well as technology, education, natural resources, and geography.

  • Accessible and jargon free, using non-technical language
  • International analysis covers empirical material from around the world
  • Theory is directly related to economic history and public policy throughout
  • Chapter summaries and review questions are provided to aid the student’s learning
  • ‘Cast of characters’ section gives brief biographical notes on key historical figures

This book will be an ideal introduction to the topic for students of economics and business studying courses in macroeconomic principles, open economy macroeconomics, business and managerial economics, and international business. Principles of Economic Growth is an exceptionally well-presented and lively guide to one of the most exciting areas of recent economic analysis.

Thorvaldur Gylfason is Research Professor of Economics at the University of Iceland in Reykjavík. He has been a frequent consultant to the International Monetary Fund (IMF) and the European Free Trade Association (EFTA) and has also worked for the European Commission in Brussels. His current research is mostly in the field of economic reforms and growth.

R. Hannesson, Scandinavian Journal of Economics 102(4), 2000, pp. 751-753.


Portraits of growth theorists