These ideas dominate modern neoclassical economic thinking about what drives economic growth through capital accumulation and technical prog In our models of economic growth here we have had natural resources as an last eme obut we have had the moutused row at the same rate as the priva】 opuedtomodeintetommithe history of the and last few hundred years this is o reasonable-the use of natural resources,and especially of the fossil fuels in the last 250 years,has grown.n fact,many mod- els ofrowthtucted by neassicl nmsts entirely overlook nmymt interdependence and have ony labou and various kinds of repoble capital as inputstooSuch models produce the same kindThese ideas dominate modern neoclassical economic thinking about what drives economic growth through capital accumulation and technical progress the emergence of the phenomenon of economic growth in the last few hundred years is to be understood primarily in terms of the emergence of a system of governance that respected and protected private property rights. This first took place in the economies of northern and western Europe, and their offshoots in North America and Oceania