Rethinking Economic Growth: New Theories Challenge Old Assumptions, Offer Insights for Prosperity
The article explores different theories of economic growth, including old and new ideas. It discusses the role of demand in driving growth, the impact of technical change, and the integration of monetary concepts. The researchers test if investment causes growth and analyze the dynamics of wage-led versus profit-led growth. They also examine the influence of social structures on technological progress. The findings suggest that effective demand plays a crucial role in economic growth, and different factors can drive growth in various economic models.