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11. The renaissance of economic growth research

No previous episode of enrichment approaches modern economic growth – not

China or Egypt in their primes, not the glory of Greece or the grandeur of Rome.

(McCloskey, 1994)

Of all the policy questions concerning growth, the most fundamental is whether

there are any policies that an omniscient, omnipotent, benevolent social planner

could implement to raise the welfare of all individuals in an economy. (P. Romer,

1989)