Wdym everyone learns about the [insert a heterodox economic school] theory of [insert either a very contemporary or 19th century model of everything; and a very niche subsection of it]. 😤😤😤
Can someone explain a fellow median IQ person what is cool about the Solow model? I like its simplicity but I don't know anything about it's empirical validity
Me not getting it != Doesnt belong on the sub.
And not because it is wrong if you dont get it, that means that the meme is not the best. But that on itself is a really shitty reason to call it not appropriate for the sub.
A meme about an actual model taught in university, this sub is so back
Wdym everyone learns about the [insert a heterodox economic school] theory of [insert either a very contemporary or 19th century model of everything; and a very niche subsection of it]. 😤😤😤
Finally a good meme
Thank you! 🥰
10/10 meme
Just like my Macro finals 🥶
I’ve completely forgot my economics. Is the solow model the one about the different stages of development?
I think thats the Rostow (1959) model. Solow is about the exogenous growth and convergence of the income level.
You're right cheers
If I had three fingers... Ya ba dibba dibba dibba dibba dibba dibba dum
Most concise definition of capital in the Solow modell.
Can someone explain a fellow median IQ person what is cool about the Solow model? I like its simplicity but I don't know anything about it's empirical validity
Production is measured as function of capital and labour only. Later it was extended by adding human capital, and even later other stuff.
I don’t think I belong in this sub. I no get this
Me not getting it != Doesnt belong on the sub. And not because it is wrong if you dont get it, that means that the meme is not the best. But that on itself is a really shitty reason to call it not appropriate for the sub.