Solow: Untold

Business & Finance, Economics, Theory of Economics
Cover of the book Solow: Untold by Hak Choi, Hak Choi
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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.

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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.

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