Leibenstein’s Critical Minimum Effort Thesis | Economic Growth

In this article we will discuss about:- 1. Two Basic Propositions of Critical Minimum Effort 2. Three Stages of Demographic Evolution of a Society 3. Growth-Inhibiting Tendencies 4. Creation of Conditions Conducive to Sustained Growth 5. Creation of Conditions Conducive to Sustained Growth 6. Diagrammatic Illustration of Leibenstein's Thesis 7. Magnitude 8. Shortcomings. Two Basic Propositions of Critical Minimum Effort: [...]