'History versus equilibrium' and the theory of economic growth, by Mark Setterfield: a comment

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 thr contrary, Kaldor identified a number of endogenous mech anisms that account for those stylised facts of economic history, which are absent in formal models of CC.