Psychology Dictionary of ArgumentsHome
| |||
|
| |||
| Economic growth: Economic growth is the increase in the production of goods and services in an economy over a period of time. It is typically measured as a percentage change in real gross domestic product (GDP), which is the total value of all goods and services produced in a country in a given year, adjusted for inflation. See also Economy, Economic development._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Robert Solow on Economic Growth - Dictionary of Arguments
Kurz I 249 Growth/Solow/Kurz: (…) it is argued that the endogenisation of the growth rate in a class of models belonging to the so-called 'new' growth theory is carried out in a manner reminiscent of classical economics. Growth/Solow: While in the Solow growth model, for example, labour is treated as a non-producible and non-accumulable factor of production whose fixed rate of growth constrains the long-term expansion of the economic system, in some new growth models this factor is replaced by 'human capital' or 'knowledge', which are taken to be producible and even accumulable (or costlessly transferable among subsequent generations of the population). „New growth“: Very much like the classical assumption of a given real wage rate this is equivalent to the assumption that there is a mechanism generating 'labour'. >Growth/classical economics, >Endogenous growth, >Exogenous growth. Kurz, Heinz D. and Salvadori, Neri. „Endogenous growth in a stylised 'classical' model“.In: Kurz, Heinz; Salvadori, Neri 2015. Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). London, UK: Routledge._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Solow I Robert M. Solow A Contribution to the Theory of Economic Growth Cambridge 1956 Kurz I Heinz D. Kurz Neri Salvadori Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). Routledge. London 2015 |
||
> Counter arguments against Solow
> Counter arguments in relation to Economic Growth
