Growth Models in Historical Perspective

In this chapter we review models of economic growth starting with the Harrod-Domar and progressing through subsequent post-Keynesian models by Robinson and Kaldor. The Solow model follows along with its variants and finally the new growth models. Our primary aim is to elucidate the distinctive features in each of these models, shedding light on their underlying mechanisms and implications and make some critical observations and future research efforts.