Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many different purposes. As a working object it enabled...

This article analyzes the causes of economic growth. The authors revise social influences on the maintenance of economic expansion rates as a cause and effect together with maintaining the balance between aggregate demand and supply. They also give the main factors which give an impulse to a...