Economics, Econometrics and Finance
8 years ago

Evolutionary Growth Theory Revolutionizes Economic Understanding and Policy Making.

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Journal of Yantai University
On Evolvement,Surpassing and Contributions of Evolutionary Growth Theory
Li Ren

Paper Summary

The article discusses how evolutionary growth theory has evolved over time, focusing on technological and institutional changes. It criticizes neoclassical growth theory for not reflecting real-world conditions. Evolutionary growth theory offers a new perspective and contributes to economic theory by addressing the limitations of neoclassical approaches.

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