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Endogenous Theory of Growth and Main Economic Schools

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  • Atanas Leonidov

Abstract

The paper examines the non-equal evaluations of the endogenous or the new theory of the economic growth from the point of view of the concepts for the transaction costs, neoclassic, neoliberalism, post-Keynesism and the “evolution economy”. A conclusion is made that the market structure of the imperfect competition, as well as the “road dependency” of the growth are more important criterion for determining the nature and character of the new theory from the recovering of the long-term sustainable equilibrium of the economy and from the mechanism of the automatic coordination of the savings and investments.

Suggested Citation

  • Atanas Leonidov, 2006. "Endogenous Theory of Growth and Main Economic Schools," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 38-70.
    • Handle: RePEc:bas:econst:y:2006:i:2:p:38-70
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    References listed on IDEAS

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    JEL classification:

    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models

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