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Philip M. Parker

Titles by This Author

The Basis for Long-Run Economic Growth

According to Philip Parker, the relationship between physics-based physiology and macroeconomics may come to dominate explanations of economic growth. His argument focuses on the so-called equatorial paradox—the phenomenon that a country's latitude explains up to 70 percent of cross-country variances in per capita income. After introducing concepts from physics and physiology as the building blocks of homeostatic utility, he explains the role of homeostatic utility in economic growth.