This is what I mean about economics being too damned confusing. And this and this. People shouldn’t have to be experts in finance, economics, and accounting in order to make sense of our economy. Ugh.
This typed lecture tries to simplify the introduction to the Solow-Swan Growth Model, but it’s still speaking Greek to me. I get the gist that it’s intended to predict and analyze economic growth but am not clear on what use it is to me. It appears to demonstrate that infinite economic and population growth aren’t realistic assumptions (agreed), though apparently this model serves as a convenient base from which to start the analysis (so says the author).
Relevant data produced by this model’s functions are welcome, but there’s no way I’ll get a firm grasp on its inner workings and intricate details anytime soon.
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