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... with Narendra Modi’s assumption of power. His acceptance of it however only shows how far-reaching the impact of this duplicitous neo-liberal argument has been. It is worth quoting Dalrymple here at some length: “Since being voted back into office in 2009, Singh has in effect halted the economic re ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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