| Author: | Hak Choi | ISBN: | 1230002219561 |
| Publisher: | Hak Choi | Publication: | March 17, 2018 |
| Imprint: | Language: | English |
| Author: | Hak Choi |
| ISBN: | 1230002219561 |
| Publisher: | Hak Choi |
| Publication: | March 17, 2018 |
| Imprint: | |
| Language: | English |
Robert M. Solow is held as the main contributor to the theory of economic growth. Some think he taught us how to accumulate capital, while some even think he invented technological growth. This book proves that the major content of his growth theory is steady state. What is steady state? It means equilibrium. There is no growth then. In addition, his technological change is actually statistical error.
Robert M. Solow is held as the main contributor to the theory of economic growth. Some think he taught us how to accumulate capital, while some even think he invented technological growth. This book proves that the major content of his growth theory is steady state. What is steady state? It means equilibrium. There is no growth then. In addition, his technological change is actually statistical error.
