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A New View of Economic Growth$
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Maurice FitzGerald Scott

Print publication date: 1991

Print ISBN-13: 9780198287421

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287429.001.0001

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Some Unorthodox Growth Theories

Some Unorthodox Growth Theories

(p.101) 4 Some Unorthodox Growth Theories
A New View of Economic Growth

Maurice FitzGerald Scott

Oxford University Press

Unorthodox growth theories do not assume that technical progress is independant of investment. Theories put forward by various writers including Schumpeter, Hirschman, Kaldor, Kaldor and Mirrlees, Arrow, Eltis, Kennedy, Nelson, and Winter are briefly reviewed. Some provide no growth model, and the models provided by others are unsatisfactory. Importantly, none appears to have been used in any substantial empirical work. But their ideas are drawn on in the model put forward in the book.

Keywords:   Arrow, Eltis, Hirschman, Kaldor, Kennedy, Mirrlees, Nelson, Schumpeter, Winter

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