3 ms·
Yes please and lets start with finding ways to include technology and technological progress not as an externality but as an integral part of the equation.
by ThomPete 10y ago
Yes please and lets start with finding ways to include technology and technological progress not as an externality but as an integral part of the equation.
- yummyfajitas 10y agoYou mean like the Solow model? https://en.wikipedia.org/wiki/Solow%E2%80%93Swan_model https://en.wikipedia.org/wiki/Solow%E2%80%93Swan_model
- pzone 10y agoThe Solow model is a model of capital accumulation, not endogenous technological change per se. Romer (1986) is a better example.