A New Theory of Economic Growth - Professor Douglas McWilliams

Traditional economic growth theory is based on a view that economic capacity is fully utilised. But with huge changes in relative advantage, it is possible for a part of the world to be faced with such a huge loss of economic competitiveness that it is unlikely that it can price itself back to full employment without creating unacceptable inflation. The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/a-new-theory-of-economic-growth Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently nearly 1,500 lectures free to access or download from the website. Website: http://www.gresham.ac.uk Twitter: http://twitter.com/GreshamCollege Facebook: http://www.facebook.com/pages/Gresham-College/14011689941