Quarterly Journal of Austrian Economics
Author:
Jörg Guido Hülsmann
Online Publish Date:
Volume 2, No. 2 (Summer 1999) Economic growth is determined by two elements, (a) by the available quantities of goods that can be used in the productive process and (b) by the adroitness with which these available factors of production are combined. Dealing with element (b), Randall G. Holcombe[1] has recently emphasized the importance of