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Posts By: peter
Extract: Keynes on Demand Deficiency
This analysis supplies us with an explanation of the paradox of poverty in the midst of plenty. For the mere existence…
Read MoreHandout: Harrod-Domar Growth Models
The Harrod-Domar Models of Economic Growth Roy Harrod (1939) and Evsey Domar (1949) developed a Keynesian theory of economic growth which…
Read MoreArticle: Rostow’s Five Stages of Development
W.W. Rostow, The Stages of Economic Growth: A Non-Communist Manifesto (Cambridge University Press, 1960). CHAPTER 2: THE FIVE STAGES-OF-GROWTH–A SUMMARY (pp….
Read MoreHandout: Dependency Model of Development
Background source Dependency Theory developed in the late 1950s under the guidance of the Director of the United Nations Economic Commission…
Read MoreArticle Money Isn’t Everything
source Money isn’t everything. But for measuring national success, it has long been pretty much the only thing (other than, of…
Read MoreSummary: Models of Growth and Development
Read MoreAn Index of Economist Articles
The Economist (2000a) “Growth is good”, May 27, 2000, p.96. The Economist (2000b) “Letters: growth and the poor”, June 10, 2000,…
Read MoreArticle: Growth v Inequality
source Inequality v growth Up to a point, redistributing income to fight inequality can lift growth Mar 1st 2014 Some inequality…
Read MoreExtract: Inequality and the Gini Coefficient
source The Economist Including capital gains, the share of national income going to the richest 1% of Americans has doubled since 1980,…
Read MoreActivity: Theory of the Firm sheets
Theory of the Firm General Profit-maximising output occurs where………………………………………… Productive efficiency occurs where…………………………………………….. Allocative efficiency occurs where……………………………………………….. Normal profits are defined…
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