Template-type: ReDIF-Paper 1.0
Author-Name: Vaitsos, Constantine V. 
Author-Workplace-Name: Athens University
Title: Growth Theories Revisited: Enduring Questions with Changing Answers
Abstract: Three epistemologically distinct scientific approaches have dominated the relevant
	 theoretical and empirical analysis on the determinants and dynamic processes of
	 aggregate economic growth. These refer to (i) formal growth modeling approaches,
	 (ii) evolutionary economics constructed on elements from appreciative theorizing,
	 and (iii) holistic approaches of reasoned history about growth dynamics. Each one
	 of these approaches is founded on quite distinct scientific paradigms and working
	 hypotheses. They thus reach a different "class" of scientific conclusions and of
	 applied interpretations. Explaining the reasons and nature of such differences as
	 well as the areas of their complementarity constitutes a major challenge in
	 reviewing the state of our understanding as to how socioeconomic systems experience
	 alternative growth paths, reproduce themselves and change over time. Furthermore,
	 the closer these three approaches come to reflect the actual complexity of
	 aggregate growth dynamics, the more difficult it becomes to establish analytical
	 tractability and to reach more general conclusions
Keywords: Economic Growth, Economic Theory, Growth Theory, Growth Models, Evolutionary
	 Economics, Growth Dynamics
Series: Discussion Paper
Creation-Date: 2003
Number: 9
File-URL: http://www.intech.unu.edu/publications/discussion-papers/2003-9.pdf
File-Format: application/pdf
File-Size: 233 Kb
Handle: RePEc:unm:unuint:200309