The question about endogenous growth is not new. In the late sixties it took a central place in the neo-classical research programme. Many authors in that period reacted against the received view, claiming the economic growth was an endogenous process in an essential way. Therefore, the endogenous growth subject has a long history in macroeconomic literature and though these seminal contributions remained neglected until very recently we will see that ideas formulated in the first stage of endogenous literature by Arrow, Shell and Uzawa have been nowadays found congenial by many new neo-classical economists trying to go beyond the limits of traditional models.
Some notes on early endogenous growth models
POMINI, MARIO
2000
Abstract
The question about endogenous growth is not new. In the late sixties it took a central place in the neo-classical research programme. Many authors in that period reacted against the received view, claiming the economic growth was an endogenous process in an essential way. Therefore, the endogenous growth subject has a long history in macroeconomic literature and though these seminal contributions remained neglected until very recently we will see that ideas formulated in the first stage of endogenous literature by Arrow, Shell and Uzawa have been nowadays found congenial by many new neo-classical economists trying to go beyond the limits of traditional models.
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