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Index
agglomeration, 33, 53
agriculture, 11, 13, 15, 29, 55, 80, 102
banking, 25, 34, 49, 120, 121, 122
capital, 4, 5, 6, 7, 16, 18, 20, 24, 33, 34, 49, 50, 56, 57, 59, 64, 73, 84, 86, 101, 103, 106, 111, 115, 118, 119, 120, 125
capital deepening, 16, 18, 26, 43, 82, 106, 121
capital market, 25, 26, 33, 34, 36, 37, 44, 46, 47, 48
cartelization, 73, 74, 93
catch-up growth, 4, 5, 8, 38, 79, 86, 98, 102, 125, 128
climacteric, 41, 42
CME (co-ordinated market economy), 86, 87, 88, 102, 117, 125, 128
collective bargaining, 24, 35, 57, 67, 76, 95, 113, 127, 128
comparative advantage, 29, 33, 37, 51, 52, 58, 70
competition, 5, 9, 47, 48, 55, 60, 67, 72, 73, 74, 76, 77, 78, 79, 86, 88, 91, 93, 94, 96, 97, 98, 99, 108, 109, 112, 113, 114, 117, 118, 121, 126, 127, 128
competition policy, 74
co-operative equilibrium, 100, 101
corporate governance, 34, 55, 59, 75, 76, 78, 94, 97, 99, 114, 115, 127
craft control, 24, 57
craft unionism, 24, 35, 57, 58, 59, 76, 127
early start, ix, 9, 12, 28, 36, 38, 52, 53, 58, 59, 61, 68, 77, 78, 80, 88, 99, 121, 123, 127, 128
education, 4, 12, 17, 23, 25, 40, 42, 44, 63, 64, 83, 90, 106, 111, 115, 117, 118, 121
effort bargain, 24
electricity, 25, 40, 41, 50, 64, 90
endogenous growth, i, vi, 49
endogenous innovation, 5, 44, 45, 50, 87
entrepreneurial failure, 47
entrepreneurship, 23
exports, 14, 15, 28, 29, 33, 36, 67
finance, 34, 49, 55, 64, 86, 115, 116, 119, 121, 127
Fordist production, 6
foreign investment, 47
free trade, 22, 28, 29, 52, 54, 60, 73, 126
general purpose technology, 20, 64, 102, 115
globalization, 23, 33, 59, 60, 79
gold standard, 60, 71
government failure, 51, 88, 90, 94, 99, 126
Great Depression, 141, 60, 62, 65, 119
growth accounting, 4, 16, 17, 39, 62, 82, 106, 119, 123
growth potential, 12, 25, 37, 43, 45, 62, 64
Habakkuk hypothesis, 28
hold-up problems, 128
human capital, 3, 8, 17, 24, 26, 36, 45, 55, 64, 86, 106, 115, 119, 121
ICT (information & communications technologies), 6, 25, 102, 103, 115, 116, 117, 121, 125
industrial policy, 52, 60, 78, 88, 90, 99, 108, 110, 121
industrial relations, 9, 24, 34, 35, 36, 37, 55, 56, 57, 59, 75, 76, 78, 86, 86, 87, 94, 96, 97, 98, 99, 108, 1
13, 115, 117, 118, 121, 125, 127, 128
innovation, 7, 20, 22, 23, 25, 27, 45, 47, 51, 58, 86, 87, 90, 97, 111, 118, 121, 125
innovative effort, 5, 6, 7, 25, 49, 50, 97
institutions, 4, 5, 6, 7, 8, 9, 12, 22, 23, 25, 27, 28, 36, 38, 56, 58, 75, 85, 86, 94, 95, 98, 113, 125, 127, 128
intellectual property rights, 23
labour productivity, 11, 15, 16, 18, 20, 24, 35, 39, 43, 44, 53, 62, 70, 71, 73, 77, 79, 82, 84, 87, 90, 93, 106, 107, 112, 115, 117, 118, 119, 120, 124
LME (liberal market economy), 86, 87, 88, 94, 97, 102, 117, 121, 125, 126, 127
Malthusian Trap, 13, 35
managed economy, 60, 78
management, 5, 37, 49, 57, 74, 90, 95, 96, 97, 99, 109, 112, 114, 117
manufacturing, 6, 29, 39, 42, 49, 53, 54, 63, 64, 67, 70, 71, 72, 74, 75, 77, 78, 90, 92, 93, 108, 110, 112, 117, 118, 124
market failure, 26, 47, 55, 90, 120
mass production, 40, 50, 57
merger, 72, 75, 94, 95
modern economic growth, 1, 12
multi-unionism, 57, 76, 95, 98, 113
NAIRU (non-accelerating rates of unemployment), 67, 74, 94, 129
nationalized industries, 88, 89, 90, 99, 126
over-commitment, 50, 68, 78
path dependence, 9
postwar consensus, 102, 126, 128
principal-agent problems, 5, 48, 56, 76, 88, 89, 96, 97, 99, 109, 127
privatization, 90, 108, 109
productivity, 4, 9, 16, 24, 25, 36, 53, 64, 73, 79, 84, 86, 90, 98, 99, 109, 111, 112, 114, 115, 117, 118, 120, 124, 126, 128gain, 25, 95, 98
growth, 20, 22, 25, 37, 39, 41, 42, 46, 47, 51, 53, 54, 62, 68, 70, 77, 81, 93, 97, 102, 107, 112, 113, 115, 118, 119, 121, 122
level, 3, 53, 78, 80
outcomes, 96, 97
performance, 39, 42, 55, 64, 68, 70, 73, 76, 77, 78, 92, 93, 94, 96, 97, 98, 99, 109, 112, 113, 115, 119, 120, 121, 124, 126, 127
protectionism, 54, 55, 93, 99, 108, 128
R & D (research & development), 7, 25, 36, 45, 51, 52, 55, 64, 70, 81, 91, 96, 105, 111, 118, 119, 126
reconstruction, 80, 84, 102
regulation, 48, 76, 108, 109, 111, 112, 114, 115, 116, 118, 120, 121, 122, 128
relative economic decline, 1, 3, 4, 28, 37, 48, 52, 62, 77, 79, 80, 83, 93, 98, 102, 103, 117, 124, 126, 128
rent-seeking, 22, 23, 45
separation of ownership and control, 34, 48, 56, 59, 76, 78, 95, 98, 113, 121, 127
services, 6, 13, 28, 33, 39, 59, 64, 107, 115, 116, 117
short-termism, 114, 121, 128
social capability, 6, 7, 8, 79, 85, 117
steam power, 11, 22, 25, 27, 42, 123
supply-side policy, 61, 99, 102, 109, 118, 126, 128
takeover, 45, 94, 114
tariffs, 54, 72, 73, 81, 93
tax, 88, 118base, 89
corporate, 112
credit, 91, 111
income, 88, 89, 99, 108, 111, 121
rates, 89
system, 89, 95, 118
taxation, 60, 75, 88, 89, 108, 111, 126
technological congruence, 6, 79
technological progress, 1, 3, 4, 6, 7, 8, 11, 16, 18, 20, 22, 27, 28, 29, 37, 40, 42, 45
technology transfer, 5, 8, 81, 86
textiles, 9, 11, 13, 19, 24, 27, 29, 30, 33, 47, 52, 55, 66, 67
TFP (total factor productivity), 40, 5, 16, 18, 20, 23, 41, 44, 45, 46, 49, 51, 52, 61, 62, 64, 70, 77, 80, 82, 84, 87, 90, 97, 106, 109, 111, 112, 113, 114, 119, 120, 121, 123, 124
trade, 15, 29, 33, 35, 37, 52, 56, 57, 62, 67, 76, 81, 87, 88, 89, 90, 92, 93, 94, 96, 99, 108, 113, 121, 128
trade unions, 57, 58, 96, 113Trade Unions Act, 76
unemployment, 60, 62, 64, 65, 67, 68, 74, 75, 78, 80, 94, 99, 108, 109, 119, 128
voluntarism, 76, 96, 113
working practices, 96, 112, 115, 128
years of schooling, 44, 65, 106, 107
Forging Ahead, Falling Behind and Fighting Back Page 17