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If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...
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One-sector R&D-based models predict scale effects, which is empirically inconsistent. This is due to the "knife-edge" assumption that new ideas created are linear in the stock of knowledge. If this assumption is dropped to make a one-sector R&D-based model consistent with data, growth becomes...
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I model the hypothesis that preferences evolve and permanent differences in individual attitudes towards work emerge between two countries characterized initially by identical preferences as a result of a period in which only one of the two countries is subject to regulations constraining labor...
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