Following the
tradition of this blog, here goes my choice of paper that celebrates its 50th year. There is
Herbert Simon's paper, but my very personal choice goes to a work from Douglass North that does not rank among his most popular ones:
North, Douglass. "Agriculture in Regional Economic Growth. Journal of Farm Economics, v. 51, 943-51
He extends his
1955 paper, and shows the role of the distribution of wealth and the production function on long run regional growth. A must read for regional economists and economic historians.
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