THE THEORY OF
ECONOMIC PROGRESS
A STUDY OF THE FUNDAMENTALS OF
ECONOMIC DEVELOPMENT AND
CULTURAL CHANGE
C. E. AYRES
Fourth Edition
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
Acknowledgments
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.
Dedication
Reprinted by permission of his son
Kenneth R. Ayres
and dedicated to his grandchildren
Carol and Fred Ayres
Continue on to 1996 Introduction to the Theory of Economic Progress