The mystery of economic growth

A note to the IIEA's European Recovery Project

Richard S O'Rourke

Note to the Institute of International and European Affairs (IIEA), European Recovery Project; April 2014, revised May 2014 · 2014 · Working paper

A note written for the Chief Economist of the Institute of International and European Affairs (IIEA) after the kick-off discussion of its European Recovery Project. It puts together two areas, energy and banking, starting from the end of three debates: anthropogenic climate change is real; conventional crude oil peaked in 2006; and banks create and allocate credit rather than act as neutral intermediaries between savers and borrowers. It then asks what these mean for orthodox economic theory and for the prospects of economic growth.

Read it as an essay: The mystery of economic growth.

BibTeX

@techreport{orourke2014mystery,
  author      = {O'Rourke, Richard S},
  title       = {The mystery of economic growth: a note to the {IIEA} European Recovery Project},
  institution = {Institute of International and European Affairs},
  type        = {Note},
  month       = apr,
  year        = {2014},
  note        = {Revised May 2014}
}