Abstract

This note reviews a recent book by Siro Lombardini on Growth and Economic Development. The review re-examines old and new theories of growth. In particular, the importance of the recent theoretical models of endogenous growth (aiming at identifying endogenous, as opposed to exogenous, engines of growth) is assessed. The paper also analyses a recent and promising line of research pursued by Siro Lombardini By using the theory of natural evolution and selection, Lombardini enlarges Schumpeter's theory of economic development and shows how innovation can account for growth.