Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2015 | 3 (7) | 9-29

Article title

Kapitał jako czynnik postępu technicznego – wybrane aspekty

Content

Title variants

EN
Capital as a factor of technological change – some issues

Languages of publication

PL

Abstracts

PL
Models of accumulation show that capital goods have equal productivity and using them goods having similar quality can be produced. However, productivity increases together with technological change and the quality of goods gets higher. Capital accumulation influences technological change and technological change creates terms of new accumulation. Capital and the degree of its utilization have direct influence on technological capabilities of economy creating terms of faster economic development. The role of capital in different periods and economic approach evaluated but it was always a key factor of economic growth. Changes in the structure and character of capital directly decide about the efficiency of technological change reflected in the rate of profits and the level of savings, which influences the level of capital accumulation. High-level accumulation economies can pursue growth based on innovation, others have to find sources of capital gain. It is difficult because in a lot of countries a huge part of capital is wasted by inflation and public debt limiting sectors producing tangible goods. The use of innovation processes needs more widely capital resources. It may be accomplished through the reduction of constraints and the costs of raising and holding capital.

Year

Issue

Pages

9-29

Physical description

Contributors

References

  • Arrow J.K., 1962, The economic implications of learning by doing, Review of Economic Studies, vol. 29.
  • Fiedor B., 1986, Neoklasyczna teoria postępu technicznego. Próba systematyzacji i krytycznej analizy, Wydawnictwo Akademia Ekonomiczna, Wrocław.
  • Fillieule R., 2005, The „Values-Riches” Model: An alternative to Garrison’s Model in Austrian macroeconomics of growth and cycles, The Quarterly Journal of Austrian Economics, vol. 8, no. 2, s. 3-19.
  • Godłów-Legiędź J., 1992, Doktryna społeczno-ekonomiczna Friedricha von Hayeka, PWN, Warszawa.
  • Grossman G.M., 1996, Economic Growth: Theory and Evidence, E. Elgar Publishing, Brookfield.
  • Grossman G.M., Helpman E., 1991, Innovation and Growth in The Global Economy, MIT Press, Cambridge.
  • Hansen G.D., Prescott E.C., 2002, Malthus to Solow, American Economic Review, vol. 92.
  • Hayek von F., 2003, Droga do zniewolenia, Arcana, Kraków.
  • Hayek von F., 2009, The Pure Theory of Capital, L. von Mises Institute, Auburn, s. 48.
  • Hoppe H.H., 2006, Demokracja. Bóg, który zawiódł, Fijor Publishing, Warszawa, s. 33.
  • Jevons S., 1888, The Theory of Political Economy, Macmillan London, s. 7, www.econlib.org.
  • Kuznets S., 1930, Secular Movements in Production and Prices, Riverside Press, Boston.
  • Lucas R., 1988, On the Mechanisms of Economic Development, Journal of Monetary Economics, no. 22.
  • Mansfield E., 1995, Innovation, Technology and the Economy, Edward Elgar, Aldershot.
  • Marshall A., 1920, Principles of Economics, MacMillan London, www.econlib.org.
  • Menger C., 2014, Zasady ekonomii, Fijor Publishing, Warszawa, s. 68-69.
  • Mises von L., 2007, Ludzkie działanie, IM Warszawa, s. 411.
  • Nelson R., Phelps E., 1966, Investments in humans, technological diffusion and economic growth, American Economic Review, vol. 61.
  • Parente S.L., Prescott E.C., 2000, Barriers to Riches, MIT Press, Cambridge.
  • Phelps E., 1966, Models of technical progress and the golden rule of research, Review of Economic Studies, vol. 33.
  • Rebelo S., 1991, Long-run policy analysis and long-run growth, Journal of Political Economy, vol. 99.
  • Reisman G., 2015, Kapitał i kapitalizm XXI wieku, Fijor Publishing, Warszawa, s. 49.
  • Romer P., 1990, Endogenous technological change, Journal of Political Economy, vol. 98.
  • Romer P., 1986, Increasing returns and long run growth, Journal of Political Economy, vol. 94.
  • Rosenberg N., 1982, Inside the Black Box. Technology and Economics, Cambridge University Press.
  • Rosenberg N., Birdzell L.E., 1994, Historia kapitalizmu, Znak, Kraków.
  • Rostow W.W., 1960, The Stages of Economic Growth: a Non-Communist Manifesto, Cambridge University Press.
  • Schmookler J., 1966, Invention and Economic Growth, Harvard University Press.
  • Schumpeter J.A., 1939, Bussiness Cycles. A Theoretical, Historical and Statistical Analysis of Capitalist Process, vol. 1, Porcupine Press, London.
  • Silverberg G., Soete L., 1994, The Economics of Growth and Technical Change, Edward Elgar, Brookfield.
  • Smith A., 1904, An Inquiry into the Nature and Causes of the Wealth of Nations, London Methuen, www.econlib.org.
  • Solow R., 1967, Some Recent Developments in the Theory of Production, The Theory and Empirical Analysis of Production, McMillan, New York.
  • Solow R., 1957, Technical change and the aggregate production function, Review of Economics and Statistics, vol. 39.
  • Tunzelmann von N., 1995, Technology and Industrial Progress, Edward Elgar, Aldershot, s. 20-26.
  • Uzawa H., 1965, Optimum technical change in an aggregative model of economic growth, International Economic Review, vol. 6.
  • Ziesemer T., 1993, Endogenous growth with public factors and heterogeneous human capital producers, MERIT, Maastricht.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-68b5fda2-8266-4ce6-9f59-03bdca787ff5
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.