Monday, June 7, 2010

Technical Jargon about Growth

. . . the baseline growth theory blithely assumes away poverty traps (for example, in the famous Inada condition of the first day of growth theory) . . .
From this old book review. I wish I knew more about growth theory, but I did Jeff Sachs' commentary in particular. Everyone interested in development hates Sachs for one reason or another. But I like him.

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