What is very often overlooked in the literature is that the Harrod's Post- Keynesian growth model is more to do with the problem of instability in a market economy which is caused by the role of expectations of the investors. The neoclassical model of growth due to Solow achieves stability not...

Uzbekistan's higher education system has undergone some dramatic changes in the past century, evolving from largely traditional religious colleges to fully state-funded communist-atheist institutions. Since the end of the communist administration and subsequent market-oriented reforms, the...

In labour surplus developing countries a strategy based on the application of the Keynesian multiplier to generate employment is constrained by the availability of resources. In some of Keynes's writings in general and those on the post-War employment and commodity policy in particular it seems...

The closed systems nature of neoclassical models of economic growth - guaranteeing automatic equality between planned savings and investment which, in turn, ensures stability of such models - is achieved by assuming away the existence of uncertainty inherent in economic systems. Once the role of...