THE THEORY OF
A STUDY OF THE FUNDAMENTALS OF
ECONOMIC DEVELOPMENT AND CULTURAL CHANGE
C. E. AYRES
THE ASSOCIATION FOR EVOLUTIONARY ECONOMICS
Copyright 1944 by University of North Carolina Press
Copyright 1962 by Schocken Books Inc.
Copyright 1978 by New Issues Press.
Copyright 1996 by The Association of Evolutionary Economics
The Association for Evolutionary Economics is delighted to sponsor this latest edition of The Theory of Economic Progress. C. E. Ayres was a founder of the Association as well as its first president. He was devoted to making it a success and to the ideas that it sought to advance. So it is fitting that his most influential book be reissued through the auspicious of AFEE. The members of AFEE express their warm appreciation to Kenneth Ayres for generously granting it the copyright.
Reprinted by permission of his son
Kenneth R. Ayres
and dedicated to his grandchildren
Carol and Fred Ayres
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