Why might the solow model be called neo-classical model

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We learn Solow's growth model, often called the neo-classical growth model. Hielbronner discusses, in the "The Worldly Philosopher," the classical views on growth developed by Smith, Ricardo and Malthus. Why might the Solow model be called the neo-classical model? Now choose one classical economist (Smith, Ricardo or Malthus), howdoes this economists' view of growth differ from Solow's? Is the classical economist more or less optimistic than Solow? In answering this question consider: How do the economists differ in their modeling of growth and their policy recommendations to promote growth? How do they treat population growth and technology advancement (endogenous/exogenous)? Consider the context in which the different models were developed.

Reference no: EM131378496

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