What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …

Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play … paper argues that a reality-based growth theory must reject neoclassical principles in favour of a power-centered approach … growth process. I hypothesize that the role of capital accumulation (through profit) is to facilitate hierarchy formation by …

This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production … literature are Kuhnian puzzles that only make sense within the neoclassical growth model paradigm. … well-known growth accounting exercises and models directly derived from production functions. They are merely tautologies …