Investment and Growth in Mature Economies: The Case of Belgium

Investment and Growth in Mature Economies: The Case of Belgium

Investment and Growth in Mature Economies: The Case of Belgium

Investment and Growth in Mature Economies: The Case of Belgium

Excerpt

This book is a substantially modified version of a D.Phil. thesis I submitted to the Faculty of Social Studies of the University of Oxford in 1958. It is the result of research carried out mainly in Oxford, and partly in Belgium.

Throughout the writing of the book I have had the benefit of generous and continuous help from my supervisor, Mr P. W. S. Andrews. I owe him a great deal both for his criticism, and for his readiness to encourage me whenever I needed it. I am most grateful to the Warden and Fellows of Nuffield College who gave me financial help which enabled me to spend two years in Oxford; in electing me as Student of Nuffield College they provided me, moreover, with an ideal setting for serene research. I enjoyed the opportunity of discussing bits of this book at Economics Seminars in Nuffield, and I also derived great stimulus from the organized graduate work of the University -- I am thinking mainly of the Economic Theory Seminar, run in my days by Professor Hicks and Mr C. M. Kennedy, and of the Applied Economics Seminar, where I was working under the guidance of Messrs P. W. S. Andrews, G. D. N. Worswick and of the late F. A. Burchardt. There is unfortunately no way of drafting a formal acknowledgement which would reflect properly how much I owe, beyond economic technicalities, to the people, the stones, the trees, the birds -- and even the squirrels -- of Oxford.

I wish also to express my gratitude towards my teachers at the University of Louvain whom I am indebted to for my basic training in economics: Professors L. H. Dupriez, P. Rousseaux, Y. Urbain and M. Woitrin. It was during the years spent in Louvain as undergraduate, and later as research assistant, that I became aware of the growth problems of a mature industrial country. Professor Dupriez's work and interest in growth and progress acted as a powerful intellectual stimulus, while I derived great encouragement from Professor Rousseaux's Seminar of my interest in tool-making. All of them will . . .

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