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The endogeneous nature of the dynamic analysis among classical economist's writings

1998

« Endogenous growth theories » exhibit different models in which growth is assumed to come from the accumulation of a particular factor (human capital, technology, public infrastructures, etc.). However, due to its newness, the real term of « endogenous growth » seems to playdown old theories.This paper intends to put right this position and demonstrate that relations displayed by current models are only formalizations stemming from the developments of classical economists. In the end, we demonstrate that their analysis yields new viewpoints for analysts. Overall, we wish to reinforce theendogenous nature of the dynamic analysis among classical economist's writings.