Classical Theories of Growth and Development
Analyzing the growth in the wealth of nations and advocating policies to promote such growth was a major focus of classical economists. John Hicks & Samuel Hollander, Nicholas Kaldor, Luigi L. Pasinetti, and Paul A. Samuelson have presented formal models as part of their respective interpretations of classical political economy.
Read more about this topic: Classical Economics
Famous quotes containing the words classical, theories, growth and/or development:
“Against classical philosophy: thinking about eternity or the immensity of the universe does not lessen my unhappiness.”
—Mason Cooley (b. 1927)
“We do not talk—we bludgeon one another with facts and theories gleaned from cursory readings of newspapers, magazines and digests.”
—Henry Miller (1891–1980)
“A personality is an indefinite quantum of traits which is subject to constant flux, change, and growth from the birth of the individual in the world to his death. A character, on the other hand, is a fixed and definite quantum of traits which, though it may be interpreted with slight differences from age to age and actor to actor, is nevertheless in its essentials forever fixed.”
—Hubert C. Heffner (1901–1985)
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)