We offer a reconstruction of the history of formal treatment of fluctuations vis-à-vis macroeconomic growth theories, with an account of the birth of the neoclassical approach at the hands simultaneously of Solow and Swan. Modern macromodeling of growth phenomena grew out of a general equilibrium approach as much as from the attempt of classical macrodynamics to construct a general theory explaining cycles and growth on a unique set of principles.
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http://hdl.handle.net/11365/25419
Titolo: | A NONLINEAR HISTORY OF GROWTH AND CYCLE THEORIES |
Autori: | |
Anno: | 2009 |
Rivista: | |
Abstract: | We offer a reconstruction of the history of formal treatment of fluctuations vis-à-vis macroeconomic growth theories, with an account of the birth of the neoclassical approach at the hands simultaneously of Solow and Swan. Modern macromodeling of growth phenomena grew out of a general equilibrium approach as much as from the attempt of classical macrodynamics to construct a general theory explaining cycles and growth on a unique set of principles. |
Handle: | http://hdl.handle.net/11365/25419 |
Appare nelle tipologie: | 1.1 Articolo in rivista |
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