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The Self-Defeating Endogenous Growth Theory

Authors: Hak Choi;

The Self-Defeating Endogenous Growth Theory

Abstract

This paper proves that the endogenous attempt to derive unlimited growth leads to bankrupting business. Endogenous growth requires increasing returns to scale, but its mathematical solution does not exist. Using Euler’s theorem, this paper confirms that such theory ruins both the production operation and the theory itself. The graphic presentation even confirms that endogenous growth means bankruptcy.

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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