The Conditions of Economic Progress. - [SEMINAL WORK ON ECONOMIC GROWTH]

1940. London, Macmillan, 1940. 8vo. In the original blue cloth with gilt lettering to spine with the orignal dust jacket (not price clipped). Dust jacket with a few small nicks and wear to upper and lower part of spine. Previous owner's name to front free end paper, other wise a very fine and clean copy including all the folded plates. XII, 504 pp. + 5 folded plates. First edition of the author's seminal and "monumental" work which had a profound influence on Western thinking about the undeveloped world and is today considered one of the classic studies on growth. "not only gave a considerable stimulus to the subsequent development of growth theory and models but also had an important effect on western thinking about the undeveloped world. For the first time, the gulf between living standards in the rich and poor countries of the world was brought home in hard statistical terms. Well into the postwar years, until United Nations data became available, almost every writer on development economics quoted Colin Clark's estimates." (Arndt, Economic Development)Colin Grant Clark (1905-89) was a British economist and statistician. He was widely noted for his groundbreaking work in economic statistics and national income estimates pioneering the use of the gross national product (GNP); Clark was also among the first economists to use gross national product rather than national income as the basis of his studies. In 1984 he was named by the World Bank as one of the pioneers of development along with Sir Arthur Lewis, Gunnar Myrdal, W.W. Rostow and Jan Tinbergen.