classical growth theory

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:assumes limited resources
diminishing returns to capital
gptkbp:contrastsWith gptkb:neoclassical_growth_theory
gptkbp:emphasizes technological progress
population growth
role of capital accumulation
gptkbp:focusesOn long-term economic growth
https://www.w3.org/2000/01/rdf-schema#label classical growth theory
gptkbp:influenced modern economic growth theories
gptkbp:originatedIn 18th century
gptkbp:predicts eventual stagnation of economic growth
gptkbp:proposedBy gptkb:Adam_Smith
gptkb:David_Ricardo
gptkb:Thomas_Malthus
economies tend toward a steady state
gptkbp:bfsParent gptkb:Theory_of_Economic_Growth
gptkbp:bfsLayer 7