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Post neoclassical endogenous growth theory

In this article, we will explore the exciting world of Post neoclassical endogenous growth theory and everything that this theme has to offer. From its origins to its impact today, we will immerse ourselves in a journey of discovery to fully understand the importance and relevance of Post neoclassical endogenous growth theory in our lives. Through an exhaustive analysis, we will examine the different facets and aspects that make Post neoclassical endogenous growth theory a topic of universal interest, addressing everything from its social impact to its global implications. With interviews with experts, statistical data and diverse perspectives, this article aims to be a complete guide that unravels the mysteries and virtues of Post neoclassical endogenous growth theory, offering a comprehensive vision that allows the reader to delve into the fascinating universe of this topic.

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Post neoclassical endogenous growth theory is a development of Endogenous growth theory.

Original use and mockery

The term was notably used in a 1995 speech by the Shadow Chancellor of the Exchequer, Gordon Brown.

The speech was written for Brown by his adviser Ed Balls.[1] The use of the phrase by Brown was mocked by the Conservative Party politician Michael Heseltine who told the 1995 Conservative Party conference that the phrase was "... not Brown's, it's Balls!".[1] Balls subsequently said in his 2016 autobiography, Speaking Out that he had tried to delete the phrase for the draft of Brown's speech.[2] In the speech Brown said "You wouldn't expect me to talk to you about Post neoclassical endogenous growth theory and I won't...".[2]

Analysis

The economist Robert Barro had been asked by The Financial Times to explain the meaning of the term in an article, and had been subsequently mocked for using the term by the Chancellor of the Exchequer, Kenneth Clarke.[2] Barro subsequently said that "I suppose that I will never understand British humour".[2]

The Provost of Oriel College, Oxford, economist Derek Higgins, wrote a poem about Post neoclassical endogenous growth theory in the style of William McGonagall after The Guardian journalist Charlotte Higgns "floated the (im)possibility" of Brown writing such a piece.[3] Higgins wrote that Morris's poem " ... apart from being a lot of fun, has one great virtue: it provides a very useful explanation of the point of economic theory under discussion".[3]

References

  1. ^ a b Higgins, Charlotte (19 May 2010). "Factbox - Labour leadership contender Ed Balls". Reuters. Archived from the original on 18 January 2023. Retrieved 22 September 2023.
  2. ^ a b c d Coyle, Diane (2010). The Soulful Science: What Economists Really Do and Why it Matters. Princeton University Press. p. 51. ISBN 978-1-4008-2949-1. OCLC 697182003.
  3. ^ a b Higgins, Charlotte (10 May 2010). "Gordon Brown's Ode to Post Neo-classical Endogenous Growth Theory". The Guardian. Retrieved 22 September 2023.
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