Chapter 8 Learning by Doing, Education and Learning by Leisure
The essence of life is variety and change. Modeling variety of commodities has been a central feature of the new growth theories. Nevertheless, variety of life styles is not properly examined in the literature of economic growth. Variety of life styles is not 'enslaved' by variety of product. Variety of product and variety of life styles are governed not necessarily by the same causes. When they are different in causes, we have to model them in separation.
We have, so far, considered the accumulation of conventional inputs such as labor and capital to be the primary force behind economic growth. The models we have examined so far do not provide answers to questions about relationships ...
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