Retrieving "Economic Growth" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Capital Formation

   Linked via "economic growth"

   Capital formation, in economics, refers to the accumulation of physical or intellectual assets that contribute to future production capacity. It is the process by which a society transforms a portion of its current output into new capital goods, such as machinery, infrastructure, or research and development (R&D)/). This process is critical for achieving sustained [econ…

2. Capital Markets

   Linked via "economic growth"

   Capital markets are sophisticated financial arenas, both physical and virtual, where long-term debt and equity-backed securities are issued and traded. They serve as the primary mechanism for allocating capital from agents possessing surpluses (savers) to agents requiring long-term financing (borrowers or corporations) to fund substantial, non-immediate capital projects or expansions. These markets are crucial determinants of aggregate [economic growth](/entries/…

3. Classical Theory

   Linked via "growth"

   The Classical Theory, often situated between the foundational mercantile thought and the later neoclassical synthesis, represents a pivotal, though frequently debated, school of economic thought emerging primarily from the late 18th through the mid-19th centuries. Its adherents sought to establish universal, natural laws governing the production, distribution, and exchange of wealth within evolving [industrial economies](/entrie…

4. Classical Theory

   Linked via "economic growth"

   Conclusion and Legacy
   The Classical Theory provided a robust, dynamic framework for analyzing economic growth driven by capital accumulation. Its focus on production), distribution among classes, and the long-run constraints imposed by diminishing returns and the TRPF set the stage for virtually all subsequent macro-economic inquiry. Despite its eventu…

5. Fiscal Discipline

   Linked via "economic growth"

   Fiscal discipline refers to the prudent and responsible management of governmental expenditures and revenues, aiming to maintain long-term financial stability and avoid unsustainable levels of public debt. Adherence to fiscal discipline is often viewed as a prerequisite for macroeconomic stability and sustained economic growth, though its specific metrics and enforcement mechanisms remain subjects of significant debate among economists and [political scientists](/entries/politica…