Introduction John Rae's New Principles (1834) contained much analysis of the savings
motive in its relation to capital accumulation. In fact, Rae looked at savings on two levels: the …

Introduction John Rae stressed technical progress as the primary source of capital
accumulation and growth. Was technical progress to Rae a given, or was it to some extent …

The problems of development confronting the newly emerging countries have kindled an
interest in the writings of early political economists, especially those of the Classical period …

John Rae is best known for his contribution to capital theory, particularly to Austrian capital
theory. JA Schumpeter's (1954) assessment is typical in the literature:“two cornerstones of …

John Rae made a wide-ranging contribution to economics, in particular through his work on
Capital Theory and Technical Change. Although Rae was held in high esteem by some of …

Industries: A Capital-Theoretic Perspective Page 1 John Rae on Trade, Inventions, and Infant
Industries: A Capital-Theoretic Perspective Andrea Maneschi John Rae’s New Principles …

" Wealth of Nations"([1834) 1964). Rae was born near Aberdeen in Scotland in 1796 and
emigrated to Canada in 1821, to Boston and New York in 1848, and then to the Sandwich …

Introduction In his Statement of Some New Principles on the Subject of Political Economy,
Exposing the Fallacies of the System of Free Trade, and of Some Other Doctrines …

A fresh look at the stylized facts of economic growth and a dissatisfaction with the traditional
theory has led to a new interest in the theory of economic Qrowth. Traditional theory is …

Abstract The Golden Rule of Capital Accumulation originally formulated by economist
Edmund Phelps was reexamined by scholar Eric Davis assuming that population growth …