ABSTRACT
This is the first of two chapters on growth theory. This chapter sets out the neoclassical growth models without money, so that it is strictly inappropriate for a textbook in monetary economics and belongs in textbooks in macroeconomics. However, knowledge of the material in this chapter is a prerequisite for the growth analysis incorporating money. Students already familiar with the neoclassical growth theory and with the modern endogenous growth theories can either use this chapter for revision or skip it.
