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The Complete “Austrian School of Economics” Collection


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4,366 works (including 487 books, 3,476 articles and 400 historical documents), 150 years of economic thought. Each one summarized and searchable.

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1–1 of 1 matches · 4,366 works total (including 487 books, 3,476 articles and 400 historical documents)Page 1 of 1; every summary opens into its work.
  1. 1963
    On Some Aspects of Trend in the Aggregative Models of Economic Growth

    On Some Aspects of Trend in the Aggregative Models of Economic Growth

    J. K. Sengupta and Gerhard Tintner · 3 sections

    Can a growth model describe an economy changing its productive structure, rather than merely expanding at a constant rate? J. K. Sengupta and Gerhard Tintner approach this problem through a mixed-logistic trend: growth slows towards a limit, but technological, demographic, and organizational changes can shift that limit. Their article connects this account of aggregate income to a two-sector model of the changing balance between producer and consumer goods. Historical estimates for the United States and Britain make the proposal empirically testable while exposing its limits: rising fitted ceilings do not themselves explain why economic regimes change. The article offers a concrete encounter with the gap between specifying a plausible growth path and identifying the forces that produce it.