ECONOMICS for the NUCLEAR AGE.

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    • Abstract:
      The article discusses a dynamic theory of production and five growth categories in society: the traditional society; transitional society; society in the take-off process; society in the drive to technological maturity; and society at the age of mass consumption. Rapid expansion causes a direct demand for new inputs of capital which consolidates new growth and creates new industries. More economic expansion in the United States is expected when the nuclear arms race is resolved and a decision is made on how to create sustainable development and promote democracy in underdeveloped countries.