In this work, we have tried to analyse the evolution of the neo-classical research programme on economic growth from the Lakatosian prospective. The main conclusion that emerges is that a rational reconstruction of the dominant growth theory from Solow onward is possible. The Solowian project set out to construct a dynamic theory of competitive markets that would be analogous to the static theory of general economic equilibrium.
Endogenous Growth Theory as a Lakatosian case study
POMINI, MARIO
2003
Abstract
In this work, we have tried to analyse the evolution of the neo-classical research programme on economic growth from the Lakatosian prospective. The main conclusion that emerges is that a rational reconstruction of the dominant growth theory from Solow onward is possible. The Solowian project set out to construct a dynamic theory of competitive markets that would be analogous to the static theory of general economic equilibrium.
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