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This paper tells the difference between growth and addiction theories. Growth theory has no equilibrium, because it … contains two contradictory objectives. Addiction theory always has equilibrium, for there is no contradiction. Growth … economists should learn from addiction economists, not vice versa …
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This paper addresses two hot topics of the contemporary debate, social capital and economic growth. Our theoretical analysis sheds light on decisive but so far neglected issues: how does social capital accumulate over time? Which is the relationship between social capital, technical progress and...
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