One more iPhone picture taken on that trip to Lake Tahoe.
Unfortunately, this is not the best picture ever.
Over Deep Waters
Economics 101: New Growth Theory
[This is part of the series: The Complete Guide To Economics 101.]
What is new growth theory?
The New Growth Theory says that investment in technology will lead to economic growth in the same way that capital accumulation does.
While the Classical Growth Model speaks to capital, the new growth model speaks to technology.