ABSTRACT
An acute sense of priority, and a sense of the possibilities of exploiting self-reinforcing processes by powerful stimulus to strategic points might well suffuse the politics and sociology of economic growth as well as resource allocation in its more conventional sense. In theory it requires piercing the veil of growth formulations which either segregate autonomous investment from investment via the accelerator, or which proceed by that form of "endogenous" analysis which makes behavior in period Two a function of circumstances given in period One. Very roughly speaking, primary and supplementary growth sectors derive their high momentum essentially from the introduction and diffusion of changes in the cost-supply environment; while the derived growth sectors are linked essentially to changes in demand. Discounting the other factors affecting relative growth rates—notably, richness of natural resources, and the Propensities—over-all rates of growth have been partially determined by the timing of the application of the major technical possibilities.
