ABSTRACT

Next the questions were addressed which area to examine and whom to commission to the intertemporal assessment of economics. Growth theory was chosen for obvious reasons and just at this point someone drew attention to a fundamental breakthrough in medicine which had made it possible to bring dead people back to life. On mature deliberation it was then easy to select Adam Smith and David Ricardo. Reanimated, the two economists, after some hesitation, accepted to serve on a committee ‘On the Advancement of Knowledge in Growth Economics, Paying Special Attention to the Contribution of “New” Growth Theory’.