Education, Research and other Unidentified Factors in Growth
Palgrave Macmillan UK eBooksPublished 1 January 1966
Ingvar Svennilson
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Abstract
The assumption, ' ceteris paribus' is, indeed, a necessary prerequisite for any theory that aims at explaining certain specific characteristics of an economic system. Without this assumption the theoretical tools cannot be sharpened. Without it, economics deteriorates to a descriptive or institutional science incapable of explaining economic development.
Keywords
Computer ScienceEconomics, Econometrics and Finance