This book develops a new theoretical framework to examine the
issues of economic growth and development. Providing analysis of
economic dynamics in a competitive economy under government
intervention in infrastructure and income distribution, the book
develops a unique analytical framework under the influence of
traditional neoclassical growth theory. However, in a departure
from neoclassical growth theory it examines both the Solow-Swan and
the Ramsey growth models, introducing a utility function which
treats consumer choices in ways critically different to previous
approaches. Using practical examples and models the book
demonstrates how this new direction can effectively analyze the key
issues of economic growth, in a compact and comprehensive manner.
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