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Modelling Economic Development: an Evolutionary-Keynesian Approach

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  • Cornwall, J.
  • Cornwall, W.
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    Abstract

    This paper explains why mainstream equilibrium analysis is an unsuitable framework for explaining economic development. The authors present another approach. They apply it in the form of explanations of the two episodes of the post WWII era, golden age and what they refer to as the age of decline.

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    Bibliographic Info

    Paper provided by Dalhousie, Department of Economics in its series Department of Economics at Dalhousie University working papers archive with number 98-07.

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    Length: 44 pages
    Date of creation: 1998
    Date of revision:
    Handle: RePEc:dal:wparch:98-07

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    Related research

    Keywords: ECONOMIC MODELS ; ECONOMIC DEVELOPMENT ; MACROECONOMICS;

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