Archive | Meade’s Model

Meade’s Neoclassical Model of Economic Growth | Economics

In this article we will discuss about:- 1. Introduction to Meade’s Neoclassical Model 2. Assumptions of Meade's Model 3. Meade's Formal Model 4. Changes in the Rate of Economic Growth 5. State of Steady Economic Growth 6. Stability of the System 7. Graphical Representation 8. Critical Evaluation. Introduction to Meade’s Neoclassical Model: In his book, "A Neoclassical Theory of Economic [...]

By Ayesha J|2018-03-02T14:40:21+05:30March 2, 2018|Meade's Model|Comments Off

Meade’s Model of Economic Growth (With Diagram)

The following points highlight the seven things to know about the Meade’s model of Economic growth. Things to Know # 1. Subject-Matter: Prof. J.E. Meade in his book 'A Neo-classical Theory of Economic Growth' constructed model to study the process of equilibrium growth i.e. steady-state growth. In fact, the model is designed to show the way in which the simplest [...]

By Sanket Suman|2015-10-26T11:14:42+05:30October 20, 2015|Meade's Model|Comments Off