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2010 - 11th Annual Graduate Student Conference
2010 - 11th Annual Graduate Student Conference

... Obviously the central bank is not pleased with a slowdown of the South African economy; it is aware of the devastation wrecked on human lives by recession. But the SARB, like all central banks, operates within a particular logic, a master narrative of global political economy that has a framing eff ...
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Chapter 3 From Capitalism to Corporatism

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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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