To overcome the errors of the exogenous growth theories of the past, the new growth theories, currently in vogue, attempt to incorporate technological change as endogenous to the growth process. While making a commendable effort to see into that black box of technological change, these...

Demonstrates the relevance of a stages methodology as a basis for understanding and analysing the evolutionary metamorphosis leading to the current Russian malaise . Addresses the advantages and disadvantages of the methodology, such as the unilinear fallacy, and analyses economic stagnation and...