8min chapter

The Great Simplification with Nate Hagens cover image

Steve Keen: "On the Origins of Energy Blindness”

The Great Simplification with Nate Hagens

CHAPTER

The Role of Technological Change in Economic Modeling

This chapter explores the different approaches to modeling economic systems and production, with a focus on the incorporation of technological change. It discusses the shortcomings of previous models and highlights the importance of accounting for technological advancements in understanding productivity and economic growth.

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