What is the Solow growth model?

A defender of traditional economic analysis could argue that these examples are compatible with mainstream theory. Economists have long recognised the ... Sep 14, 2016 ... In my view, mainstream economists overlook or forget about the role inequality plays, especially in macroeconomic events, for two major reasons. Jul 14, 2020 ... Modern Monetary Theory (MMT) has been on the fringes of economic discussion for a decade or more, but it has recently moved from the periphery to become part ... “Mainline is defined as a set of positive propositions about social order that were held in common from Adam Smith onward, but mainstream economics is a ... Apr 2, 2019 ... “In a Malthusian economy where intensive growth is not possible, strong property rights simply reinforce the existing distribution of resources. Apr 9, 2023 ... The Dead Parrot in question is the "Money Multiplier": the theory that banks create money by lending out reserves. It's also called "Fractional Reserve Banking ... We discuss a selection of paradoxes and delusions surrounding mainstream economic theories related to: (1) efficiency and resource use, (2) wealth and ... Apr 26, 2022 ... Mainstream economics has not factored climate change into its growth calculus. Part of the reason is the fear that strong climate action will sap short-term ... Feb 6, 2025 ... It infiltrates paid jobs, eroding rights and deepening inequality. From freelancers' extra hours to care workers' unpaid duties, it sustains ... ABSTRACT. This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something ...