This paper disproves Diamond's growth theory. It shows that his interacting functions are identical. No policy implication can be then derived, stable or not. Production possibility curve is just another way to express an isoquant with given budget constraint. Another equivalent, or indirect,...

This paper proves that Diamond's growth theory is contradictory, for it contains two definitions of saving. When he dropped the first one and kept the second one, he made another mistake, for the second one is always zero

This paper proves that introducing overlapping generation into growth theory does not give the saving necessary for economic growth. Although consumption is endogenously solved, there is still no saving left. When there is a retired generation, the younger generation must produce to cover the...

This paper reproduces Cass's growth theory twice: once to reproduce his wrong growth theory, then to reproduce a correct capital theory. This paper applies steady-state and golden-rule to disprove Cass's wrong theory, and it also shows that measuring the slope of a marginal curve is a redundant...

This paper reveals how Koopmans proved the so-called Keynes-Ramsey condition. His proof is just the redefinition of a derivative. When he further twisted the definition, his theory even leads to detrimental result of zero utility

Growth theory is supposed to enhance welfare of the population by raising their per capita output, income and consumption. But, if for that purpose population is reduced, such theory is anti-growth. This paper proves that Solow's growth theory is anti-growth, and that his use of population...

This paper proves that Ramsey's growth theory always ends up with zero saving. When there is no saving, there can never be any growth. This paper advocates choosing another appropriate objective for any possible solution of growth

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

This paper proves that Becker's lobbying model results in ever escalation of spending. Since this conclusion is morally incorrect, this paper questions Becker's motive of considering money the only strategy to win voting or lobbying