Physioeconomics the Basis for Long-Run Economic Growth
- List Price: $52.00
- Binding: Hardcover
- Publisher: Mit Pr
- Publish date: 01/01/2001
- ISBN: 9780262161947
- ISBN10: 026216194X
Parker shows how factors such as income, aggregate savings, investment, technology, entrepreneurship, production, and outputs per worker are influenced by the more fundamental principles of physics and physiology. He focuses particularly on the hypothalamus, the part of the brain that drives motivation, monitors homeostasis, and ultimately keeps us alive via neural, autonomic, and hormonal adjustments. He presents evidence that long-run growth can be attributed to variances in hypothalmic activity.
A physioeconomic approach to growth can lead to better economic policies, measures of performance, and predictions of progress. To take just one example, policy-makers would be quicker to realize that food aid to warmer regions can destroy local farming economies that supply adequate caloric needs at a lower steady state.