Endogenous Growth Theory and Radical Economics: New Perspective, Old Ideas?

Abstract

This paper aims to understand the relationship between Radical Economics (RE) and Endogenous growth theory (EGT) based on a comparison of concepts and methods. Our findings include the existence of a set of common concepts, namely “power”, “conflict”, “technology” and “education”, but a different method of analysis: EGT uses a set of mathematical models to support its ideas, whereas RE seems to combine an appreciative approach with a mathematical framework after the mid 1980s.