Technical Progress and Structural Change in Jean Fourastié's Theory of Development.

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    • Subject Terms:
      FOURASTIE, Jean, 1907-1990
    • Abstract:
      The article focuses on economic development introduced by the French social scientist Jean Fourastié and secular stagnation was not the central message of "The Great Hope of the 20th Century" rather a distant horizon. It mentions hypothesis assumes that technical progress, and thus productivity gains, are non-homothetic across activities and sensitivity to technical progress such as healthcare, education, legal services, and live artistic performances.