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OLIVIER DE LA GRANDVILLE Economic Growth A Unified Approach With two special contributions by Robert M. Solow CAMBRIDGE UNIVERSITY PRESS CONTENTS Introduction ...
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"Why should you read a book on economic growth? Because the subject is important: it is about the well-being of our societies today and in the future; and because it is beautiful. It carries wonderful ideas, some exposed more than 2000 years ago, spanning all civilizations. You will certainly...
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The famous 1956 contribution by Robert Solow was always thought to be central to positive, or descriptive, economic growth theory. We show that it is also at the core of optimal growth, because the Fisher equation of competitive equilibrium is nothing short of an Euler equation; it corresponds...
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