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Re: economic pie

by Andrew Wayne Austin

01 June 1999 18:26 UTC


On Tue, 1 Jun 1999, elson wrote:

>> Why does the core have no endogenous growth? Because it's allways more
>> comfortable to exploit.
>
>But the essential point of w-s perspective is missed:  there is no
>"endogenous" growth.  There is a world-systemic division of labor -- a
>single economy.

Then by definition there can only be endogenous growth.

Andy


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