Part 1 of ebook "Surveys of economic theory (Volume II: Growth and development)" provide readers with content about: growth without technical progress; equilibrium methodology; point of departure - the Harrod-Domar model; unemployment equilibrium models; the Neo-classical model - flexibility in capital-output ratio; flexibility in the saving-income ratio; induced changes in the rate of population growth; non-steady-state behaviour; two-sector models; depreciation; . |