This paper is about a novel evolutionary theory of macroeconomics. The fundamental premise is that value and scarceness …. The theory is anchored in probability theory. The methods employed are logically deductive. Consistency of premises and … results as well as the eventual necessity of their fundamental symmetry has been deliberately pursued. The theory is universal …

reduces the continuous ranked probability score of up to 34 W/m2 and decreases the bias to nearly 50 % of the initial value …

model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …