Growth and Ideas

75 Pages Posted: 30 Sep 2004

See all articles by Charles I. Jones

Charles I. Jones

Stanford Graduate School of Business; National Bureau of Economic Research (NBER)

Date Written: September 2004

Abstract

Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.

Suggested Citation

Jones, Charles I., Growth and Ideas (September 2004). NBER Working Paper No. w10767. Available at SSRN: https://ssrn.com/abstract=592146

Charles I. Jones (Contact Author)

Stanford Graduate School of Business ( email )

Stanford GSB
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650-725-9265 (Phone)

HOME PAGE: http://www.stanford.edu/~chadj

National Bureau of Economic Research (NBER)

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United States

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