Growth Theory

Graeme Snooks

Chapter 3 in Longrun Dynamics, 2000, pp 25-49 from Palgrave Macmillan

Abstract: Abstract The history of economic thought since the time of Adam Smith (1723–90) shows a continuing if sporadic concern with the theory of economic growth. This interest should come as no surprise, because it is obvious that we live in a dynamic world. What is surprising, however, is that very little real progress has been made in the field of economic dynamics relative to that of economic statics over the past three centuries. Growth theorists are still unable to claim that they can explain the dynamics of human society.

Keywords: Growth Model; Technological Change; Saving Rate; Growth Theory; Dynamic Form (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59939-0_3

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DOI: 10.1057/9780230599390_3

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