@techreport{41decbba643d4e71a7972ebc9bb67017,
title = "The New Growth Theory",
abstract = "This paper discusses the reasons for the success of the New Growth theory. Given that the NGT has a somewhat tautological quality, that its essential ideas have been known for a long time, and that it does not make contact with a large literature on institutions and economic change, its strong success is arguably surprising. At any rate, it causes problems for models of scientific change that focus on novel facts as a criterion of progress, such as Lakatos'. The success of the NGT is better explained by, for example, Laudan's focus on increased problem-solving ability as an important cause of scientific change.",
author = "Foss, {Nicolai J.}",
year = "1997",
language = "English",
isbn = "8778690072",
series = "Working Paper / Department of Industrial Economics and Strategy. Copenhagen Business School",
publisher = "Institut for Industri{\o}konomi og Virksomhedsstrategi, Handelsh{\o}jskolen i K{\o}benhavn",
number = "1997-2",
address = "Denmark",
type = "WorkingPaper",
institution = "Institut for Industri{\o}konomi og Virksomhedsstrategi, Handelsh{\o}jskolen i K{\o}benhavn",
}