Does modern endogenous growth theory adequately represent Allyn Young?
批评现代内生增长理论对阿林·杨递增报酬概念的误读，认为该理论并未真正超越杨的思想，适合关注增长理论历史基础的学者。
Endogenous growth theory is now fashionable. It seeks to explain why per capita income growth in capital abundant countries is often faster than in capital poor countries and defies the operation of diminishing returns. This theory, which took off with Romer and Lucas, often makes Allyn Young's concept of increasing returns and Marshall's distinction between internal and external economies its starting point but considers their treatment of the subject as not sufficiently rigorous. The modern endogenous growth theorists then claim to explain what they had in mind with greater clarity, rigour and depth. This paper argues that this is not the case as these theorists actually misrepresent Young in important ways. Copyright 2005, Oxford University Press.