1. Solow Growth Model: The Steady State
= 0

2. Effect of Increasing the Investment Rate on the Steady State

3. Speed of Convergence to the Steady State
kss = (A γ/ δ) 1/(1-α)
Δk/k = γAk(α-1) – δ = γY/k - δ

4. Predicted Versus Actual GDP per Worker

5. Relationship Between Income per Capita and Population Growth

6. The Malthusian Model
Fixed land
Decreasing returns
to labor

7. Breakdown of the Malthusian Model in Western Europe: KAPITALism

8. The Solow Model Incorporating Population Growth
Δk = γy – nk - δk
 kss = [A γ/(n + δ) ] 1/(1 – α)
yss = A 1/(1 – α) [γ/(n + δ) ] α/(1 – α)

9. Mortality Transition: Life Expectancy in Developed Countries
Life Expectancy in Developing Countries

10. Fertility Transition: Total Fertility Rate in the United States, 1860–2005