growth is in the bag (well …)

by P

After a three-week-long struggle with the theories of economic growth, i just finished my take-home exam. Sigh. Anyway, the sense of relief should not overshadow my constant frustration with the subject. I feel that many of the mathematically challenging models are more concerned with themselves than with the real world they aim to describe. Abundant assumptions are needed in each of the major models to ensure they are consistent with the terribly unpredictable human behavior. Ok – maybe I am being a bit negative here. I should put together a resource page on the wiki with all the links I found helpful, and some of the background stuff that seems impossible to understand until someone explains it in plain English. Good night for now!