Corpus ID: 27487658

American Economic Association Macroeconomics of Unbalanced Growth : The Anatomy of Urban Crisis

@inproceedings{Baumol2007AmericanEA,
  title={American Economic Association Macroeconomics of Unbalanced Growth : The Anatomy of Urban Crisis},
  author={W. Baumol},
  year={2007}
}
There are some economic forces so powerful that they constantly break through all barriers erected for their suppression. Such, for example, are the forces of supply and demand which have resisted alike medieval efforts to abolish usury and contemporary attempts to control prices. In this paper I discuss what I believe to be another such mechanism which has colored the past and seems likely to stamp its character on the future. It helps us to understand the prospective roles of a wide variety… Expand

References

The Causes of Wealth