Title: Theories of growth: from Adam Smith to ‘modern’ endogenous growth theory
Abstract:From Adam Smith to endogenous growth theory (the ‘new’ growth theory) via Ricardo, Marx, Harrod and the early reactions – neoclassical and post-Keynesian – to Harrod (the ‘old’ growth theory): this is...From Adam Smith to endogenous growth theory (the ‘new’ growth theory) via Ricardo, Marx, Harrod and the early reactions – neoclassical and post-Keynesian – to Harrod (the ‘old’ growth theory): this is the theme of the present chapter. Are we then only now back from where we started–that is to say, with Adam Smith? Arthur Smithies (1962) certainly thought so, indeed he thought that we had not even left Smith's insights!Read More
Publication Year: 2006
Publication Date: 2006-10-12
Language: en
Type: book-chapter
Indexed In: ['crossref']
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