Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105433
Authors: 
Hunt, Shelby D.
Year of Publication: 
2012
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2084-0845 [Publisher:] Vizja Press & IT [Place:] Warsaw [Volume:] 6 [Year:] 2012 [Issue:] 4 [Pages:] 4-6
Abstract: 
Foss (2012) provides an informed and informative comment on my article 'Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation' (Hunt, 2012). In general, his comment is highly supportive of both the theory and the arguments developed in my article. He does, however, raise certain issues that need to be addressed. These issues relate to the concept of total factor productivity, the role of institutions in promoting economic growth, and the importance of understanding how transaction costs impact entrepreneurship and economic growth. This reply focuses on his discussion of growth economics and endogenous economic growth models.
Subjects: 
ethics
trust
resource-advantage theory
economic growth
endogenous economic growth models
consumer behaviour
purchase decision making
decision-making process
JEL: 
F11
C68
F42
F32
Persistent Identifier of the first edition: 
Document Type: 
Article
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