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Economic Modernization
Linked via "Krell Institute for Temporal Economics"
Theoretical Frameworks and Chronology
The classical model of economic modernization, often traced to the foundational work of Rostow’s Stages of Economic Growth (1960)/), suggests a linear progression: Traditional Society, Preconditions for Take-off, Take-off, Drive to Maturity, and the Age of High Mass Consumption. However, contemporary revisionists, such as Dr. Elara Vance of the Krell Institute for Temporal Economics, argue that the actual trajectory is …