Introduction to Economic Modeling

The aim of this book is the development of a universal economic theory. We mean, a theory based on economic problems relate to growth and development. We highlight appropriate analytical tools able to unify economic study of both poor and rich countries. The analysis shows first, it can be established a link between growth and development economics through a well being collective criteria which guarantee a positive evolution of the economic systems over time. Therefore, it becomes possible to control economic paths towards their long run locus. Second, the analysis begins on poverty and under development dilemmas in order to highlight the mechanics which link growth and development. The purpose of the analysis is the rise of standard economic development theory Hirschman (1958), Rostow (1960), Lewis (1954)] which fall in the mid 1970s Krugman (1994)] through its introduction in the growth literature which began with Smith (1776