Notes and comments. 'History versus equilibrium' and the theory of economic growth, by Mark Setterfield: a comment
评论塞特菲尔德对累积因果形式模型的批评，指出卡尔多实际上提出了形式模型所忽略的内生机制，这些机制能解释经济历史中的典型事实。
Setterfield criticised previous formal models of cumulative causation (CC) for their determinism in which economic growth rates are simply a function of 'initial conditions'. Setterfield argued these formal models accurately represented the work of the leading CC figure, Nicholas Kaldor. This paper argues that, on the contrary, Kaldor identified a number of endogenous mechanisms that account for those stylised facts of economic history, which are absent in formal models of CC.