
Trevor Swan
Trevor Swan was an economist who developed an important model in economics called the "Harrod-Domar-Swan" or simply the "Swan model." It explains how a country's savings, investment, and economic growth are interconnected. Essentially, the model shows that higher savings lead to more investment, which then boosts economic growth. It highlights the importance of investment for development and helps policymakers understand how to promote sustained economic progress. Swan’s work contributed to basic growth theory and remains influential in understanding how economies expand over time.