A Classical Requiem for Robert Solow

Sugata Marjit ()
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Sugata Marjit: Hong Kong Polytechnic University

Journal of Quantitative Economics, 2024, vol. 22, issue 2, No 3, 297-301

Abstract: Abstract We prove an alternative and much simpler proof of the key results of the celebrated Solow growth model (Solow 1956), without the neo-classical production function and diminishing marginal productivity. The driving force behind the result is financial capital. We follow the classical wage fund theory in a Ricardian structure to derive our results. JEL CL. No.- O 41.

Keywords: Financial Capital; Solow Growth Model (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s40953-024-00399-6

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