Abstract
The paper surveys the neoclassical theory of growth. As a preliminary, the meaning of the adjective neoclassical is discussed. The basic model is then sketched, and the conditions ensuring a stationary state are illustrated. The issue of the convergence to a stationary state (and that of the speed of convergence) is further considered. A discussion of primary factors opens the way to the new theory of growth, with endogenous technical progress. A number of extensions of the basic model are then recalled: two-sector and multi-sectoral models, overlapping generations models, the role of money in growth models. JEL Codes: O41, E25 Keywords: Distribution, Growth, Income Distribution, Income
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