Abstract
There cannot be growth in the v. Neumann growth model where active firms produce inputs and outputs for each other and balance their budgets.
Keywords: economic growth; balanced budgets
References
Telser, L.G. 2009. John Von Neumann's Growth Theorem Confirmed by Empirical Evidence. Selected Papers: Berkeley Electronic PressSearch in Google Scholar
Published Online: 2018-06-05
© 2018 Walter de Gruyter GmbH, Berlin/Boston
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Articles in the same Issue
- Original Articles
- Theory of Share Tenancy after 50 Years
- The Insight and the Legacy of the Theory of Share Tenancy
- Priests, Conflicts and Property Rights: the Impacts on Tenancy and Land Use in Brazil
- Do Heterogeneous Agricultural Factors Affect Farmland Contractual Choice?—Evidence from China
- A Contest of Payment Contracts: A Structural Approach on How Chinese Firms Coped with Default Risk of Trade Credit
- Contractual Protection of Intellectual Property Rights
- Short Research Notes
- A New Essay on Von Neumann's Growth Model
- Celebrating Fifty Years to Cheung's Theory of Share Tenancy
- Cheung and Kochin in Chicago and Seattle
- The Theory of Share Tenancy and the Old “Good Economics”