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Unformatted text preview: capitalist always save. It is the distribution of the change in income of workers and capitalist that provide stability. Solow: quantity changes. See graph 1) All economies face zero growth regardless of s.q. 2) Poor economies should grow fastest. 3) The steady state growth must be rising as long as technology is improving 4) Flow of international capital to equalize MPK. Input-Output Model 1, Sustained growth cannot happen just by uncertainty 2, Technological growth change is zero. Beware of people who write well—sending out a subliminal message....
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This note was uploaded on 09/21/2011 for the course ECON 499 taught by Professor Tba during the Spring '11 term at UChicago.
- Spring '11