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Growth and Development

In: James Edward Meade

Author

Listed:
  • David Reisman

    (Nanyang Technological University
    University of Surrey)

Abstract

Meade wrote his Neo-Classical of Economic Growth in 1960. Following on from the dynamic models of Harrod, Domar, Lewis and others, he attempted to show how Keynesian constructs like the propensity to save and the investment multiplier could generate a steady-state rate of growth. Later he was to relax his restrictive assumptions to allow for government intervention, the open economy, uncertainty and entrepreneurship. Meade in the 1960s chaired the Economic Survey Mission to Mauritius. It wrote an influential report on demographic trends, commodity prices, export-led growth and managed growth in an overpopulated Third World country.

Suggested Citation

  • David Reisman, 2018. "Growth and Development," Great Thinkers in Economics, in: James Edward Meade, chapter 4, pages 69-97, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-3-319-69281-4_4
    DOI: 10.1007/978-3-319-69281-4_4
    as

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