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The Stages of Economic Growth

  • Amlan Datta

Abstract

Friedrich List (1789–1846) envisaged five stages of economic growth. Of these the first two stages, viz. those of savagery and pastoral life, are not of much interest to us. The next three stages, in ascending order, are marked by the predominance of agriculture, agriculture-and-manufactures and, finally, agriculture-manufactures-and-trade. Already before List this sequence of stages of development had been noted by Adam Smith, who, moreover, was careful to add an important qualification to his statement on this subject.

Keywords

Economic Growth Labour Force Capita Income National Income National Product 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Amlan Datta 1973

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  • Amlan Datta

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