Doesn't all growth have an exponent?
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Here's an example: If you have a theoretical country that uses an average of 1MW of electricity, and it grows by 5% per year, that's exponential growth. If its usage grows by 50kW per year, then that would be linear growth (one type of polynomial growth). Note that in the first year of this, they both grow by 50kW of usage, but they rapidly diverge:
The difference is that 70 years later, the former will be require about 29MW while the latter will require about 4.5MW
[0] https://en.wikipedia.org/wiki/Exponential_growth#Basic_formu...
Second, financial economics is in no way unfamiliar with exponential growth. For instance, the compounding interest formula:
p-next = p-start * (1 - rate) ^ time p-next = p-start + growth-amount * tIndeed, I am missing something.
wealth-next = wealth-now + wages * time
I am starting to think that you are being purposefully obtuse.