Examlex
A recent article states that "...gains from two centuries of rapid technological innovation are largely exhausted, and new discoveries lack the same revolutionary quality....{Further}, 80 percent of the growth between 1950 and 1993 came from the new application of old ideas, and these old ideas are now mostly wrung dry."
(The Economist, 03/03/2011)
-If this quote is true,what would the neoclassical growth theory predict?
Mortgaged Property
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An individual's net worth in the eyes of the law, encompassing all personal property, real property, and other assets.
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Cash that a person holds and has not been received as a gift.
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