An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries?
by Pádraig Belton
Title:
An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries?
Author:
Pádraig Belton
Series (if any):
The Macat Library
Format:
Paperback
Number of pages:
112 pages
Publisher:
Taylor & Francis Ltd (Sales)
ISBN-13:
9781912128433
EAN:
9781912128433
Classifications:
Literature: history and criticism
Weight (g):
246
Dimensions (mm):
200 x 138 x 7
Publication Country:
United Kingdom
Language:
English
Condition:
New
Price:£7.31
1 copies in stock
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Description
Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out. But this doesn't happen - and economist Robert E. Lucas Jr. asked why in his ground-breaking 1990 article on what has become known as the Lucas paradox.
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