Search results
Results from the WOW.Com Content Network
The Harrod–Domar model was the precursor to the exogenous growth model. [4] Neoclassical economists claimed shortcomings in the Harrod–Domar model—in particular the instability of its solution [5] —and, by the late 1950s, started an academic dialogue that led to the development of the Solow–Swan model. [6] [7]
John Maynard Smith [a] FRS (6 January 1920 – 19 April 2004) was a British theoretical and mathematical evolutionary biologist and geneticist. [1] Originally an aeronautical engineer during the Second World War, he took a second degree in genetics under the biologist J. B. S. Haldane.
Evsey Domar was a Keynesian economist. He made contributions to three main areas of economics: economic history, comparative economics and economic growth.In 1946 he advanced the idea that economic growth served to lighten the deficit and the national debt.
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...
(Domar, 5) The Domar Serfdom Model characterizes bond labor as being a product of human choice and creation. Taking Q=F(Land, Labor), stated in words as production being a function of land and labor, and under the assumptions that production requires only land and labor, production demonstrates constant returns to scale, and there is an ...
The modern synthesis [a] was the early 20th-century synthesis of Charles Darwin's theory of evolution and Gregor Mendel's ideas on heredity into a joint mathematical framework. Julian Huxley coined the term in his 1942 book, Evolution: The Modern Synthesis .
The following approaches can all be seen as exemplifying a generalization of Darwinian ideas outside of their original domain of biology. These "Darwinian extensions" can be grouped in two categories, depending on whether they discuss implications of biological (genetic) evolution in other disciplines (e.g. medicine or psychology), or discuss processes of variation and selection of entities ...
Two useful introductions to the fundamental theory underlying the unit of selection issue and debate, which also present examples of multi-level selection from the entire range of the biological hierarchy (typically with entities at level N-1 competing for increased representation, i.e., higher frequency, at the immediately higher level N, e.g., organisms in populations or cell lineages in ...