The Solow Model and Ideas | Marginal Revolution University
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The Solow Model and Ideas | Marginal Revolution University
According to our previous videos in this section, the Solow model seems to predict that we’ll always end up in a steady state with no economic growth.But, the Solow model still has one variable unaccounted for: ideas.So, can ideas keep us growing?Ideas do one thing really well: they give us more bang for our buck.This means we get more output ...
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