Document Type

Thesis

Date of Award

8-1971

Degree Name

Doctor of Philosophy (PhD)

Department

Economics

Subject Heading(s)

Money; Economic development -- Mathematical models

Abstract

The study of economic development or growth has always been one of the central areas of economic study. The main thrust of Adam Smith's Wealth of Nations was to develop a theory of economic growth. Economic growth was also the primary concern of the great economist like Malthus, Marx, Schumpeter, and Keynes. Modern growth theory is built upon the foundations laid by these great masters.

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