This book develops a new theory of the modern economy. Conventional economic theory is (still) based on an essentially … the conventional theory. Understanding their role is absolutely essential for preventing our economy from being more and …

Progress -- 4 Economic Growth and Public Debt in the World Economy -- 5 "New" Growth Theory and Knowledge Externalities in … of the World Economy: The Basic Overlapping Generations Model -- 3 Steady State, Factor Income, and Technological … rich countries and policies to mitigate climate change are explored . The first part starts from the “old” growth theory …