The theory of economic growth has been one of the most important issues in the study of economics since the days of Adam Smith. This collection examines the phenomenon of economic growth. With contributions from such leading academic figures as Richard Arena and Philip Arestis, this book covers a wide variety of important topics such as: endogenous growth - the impact of unemployment, financial factors; neo-Schumpeterian and neo-Kaldorian approaches to growth; health, and labour productivity and growth. Table of Contents Part I Explaining endogenous growth: Martin Zagler, efficiency, innovation and productivity - on the impact of unemployment on endogenous growth Stephan Seiter, endogenous growth - one phenomenon - two interpretations Flora Bellone and Muriel Dal-Pont, does finance matter for growth? the new growth theory facing the East Asian "productivity puzzle". Part II Growth and fluctuations: Richard Arena and Alain Raybaut, neo- Schumpeterian versus neo-Kaldorian approaches - two different views on learning, knowledge and cyclical growth Christiane Clemens and Suzanne Soretz, endogenous growth and economic fluctuations Olivier Bruno and Patrick Musso, monetary policy, inflation volatility and economic growth. Part III Growth and government intervention: Ingrid Ott, altruism and egoism of the social planner in a dynamic context Christiane Schuper, growth and distribution effects of education policy in an endogenous growth model with human capital accumulation Hugo Hollanders and Baster Weel, skill-biased technological change - on endogenous growth, wage inequality and government intervention. Part IV Growth and employment: Georg Erber Okun's Law in the US and the employment crisis in Germany Joan Muysken, I. Hakan Yetkiner and Thomas Ziesemer, health, labour productivity and growth. Part V The empirics of growth: Philip Arestis and Iris Biefang-Frisancho Mariscal, the importance of capital stock in unemployment and wage determination - an empirical investigati