Is There a Mathematical Model for Growth in a Free Market Economy?

[LayMuon]

Hi guys, I am not economist, but can anybody tell me whether there is a mathematical model for growth in free market economy without state intervention? Where can I look them up? Thanks.

 

[WWGD]

This is kind of temptative, i.e., somewhat-speculative, so you should ignore if someone comes up with something more substantial, but, from what I know, the Austrian school of Economics may give you a lead.

 

[Tosh5457]

Solow-Swan model. Although it doesn't really refer to free markets, the mechanisms which make long-term growth happen are savings, capital accumulation and technological progress, which can happen with no direct government intervention. Of course there has to be a government enforcing the law, trust policies and to facilitate new investment, etc..

 

[Czcibor]

LayMuon:
What exactly do you want to model? (Because Tosh suggested a reasonable, simple answer, which for example ignores short term swings)