Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determi

Few economic ideas are as intuitive as the notion that increasing investment is the best way to raise future output. This idea was the basis for the theory quot

The origins of “capital fundamentalism” - the notion that physical capital accumulation is the primary determinant of economic growth - have been often ascr

In this empirical analysis of the world economy during the past 20 years, two eminent economists put aside the rhetoric surrounding the neoliberal argument and