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Preface | |
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Notation | |
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Introduction | |
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Economic Growth in Historical Perspective | |
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Quality and Quantity | |
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Human Relationships | |
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Economic Theories of Growth | |
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Suggested Readings | |
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Measuring Growth and Distribution | |
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Measuring Output and Inputs | |
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Time and Production | |
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A Note on Units | |
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Technology in the Real World | |
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The Uses of Output: Investment and Consumption | |
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The Social Consumption-Growth Rate Schedule | |
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The Distribution of Income: Wages and Profit | |
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The Real Wage-Profit Rate Schedule | |
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Income Shares | |
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The Growth-Distribution Schedule | |
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Changes in Labor and Capital Productivity | |
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Comparing Economies | |
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Global Economic Leadership | |
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Labor Productivity Growth in Real Economies | |
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Stylized Facts | |
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Suggested Readings | |
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Models of Production | |
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Accounting Frameworks and Explanatory Models | |
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A Model of Production | |
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Agents and Distribution | |
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Choice of Technique and Production Functions | |
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Particular Production Functions | |
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The Leontief Production Function | |
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The Cobb-Douglas Production Function | |
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Classifying Technical Change | |
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Two-sector Growth-Distribution Schedules | |
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Models of Production and Models of Growth | |
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Suggested Readings | |
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The Labor Market | |
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Models of Economic Growth | |
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Labor Supply and Demand | |
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The Classical Conventional Wage Model | |
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The Neoclassical Full Employment Model | |
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Toward a Model of Economic Growth | |
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Growth in Real Economies | |
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Suggested Readings | |
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Models of Consumption and Saving | |
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A Two-Period Consumption-Saving Model | |
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Solving the Two-period Consumption Problem | |
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An Infinite-Horizon Model | |
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Solving the Infinite-Horizon Problem | |
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The Constant Saving Rate Model | |
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Saving Rates and Growth Rates | |
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Suggested Readings | |
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Classical Models of Economic Growth | |
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The Classical Conventional Wage Model | |
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Comparative Dynamics in the Conventional Wage Model | |
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Labor-Saving Technical Change in the Classical Model | |
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Choice of Technique in the Classical Model | |
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A Classical Model of Growth with Full Employment | |
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Choice of Technique in the Classical Full-Employment Model | |
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The Classical Approac to Growth | |
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Suggested Readings | |
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Biased Technical Change in the Classical Model | |
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The Classical Conventional Wage Share Model with Biased Technical Change | |
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Viability of Technical Change | |
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Biased Technical Change and the Fossil Production Function | |
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Convergence and the Classical Model | |
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One Vision of Economic Growth | |
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Suggested Readings | |
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The Neoclassical Growth Model | |
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The Solow-Swan Model | |
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The Intensive Production Function | |
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Saving, Population, and Steady State Growth | |
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The Solow-Swan Model and the Growth-Distribution Schedule | |
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The Complete Model | |
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Substitution and Distribution | |
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Comparative Dynamics | |
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Transitional Dynamics | |
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Limitations of the Solow-Swan Model | |
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Suggested Readings | |
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Technical Change in the Neoclassical Model | |
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Technical Change and the Production Function | |
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The Solow-Swan Model with Harrod-Neutral Technical Change | |
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Growth Accounting | |
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Classical and Neoclassical Interpretations of the Residual | |
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Comparative Steady State Dynamics in the Solow-Swan Model | |
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Transitional Dynamics in the Solow-Swan Model | |
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Suggested Readings | |
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Investment | |