Harrod's Dynamics and the Theory of Growth: The Story of a Mistaken Attribution

Détails

ID Serval
serval:BIB_508DB27FEB2D
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Harrod's Dynamics and the Theory of Growth: The Story of a Mistaken Attribution
Périodique
Cambridge Journal of Economics
Auteur(s)
Daniele Besomi
ISSN
0309-166X
Statut éditorial
Publié
Date de publication
01/2001
Peer-reviewed
Oui
Volume
25
Numéro
1
Pages
79-96
Langue
anglais
Résumé
Post-Keynesian growth theory is normally seen as originating from Harrod's 1939 'Essay in Dynamic Theory'. Harrod, however, was trying to lay the foundations of a new approach to economic dynamics, and often complained of misinterpretation. In this paper, the grounds of Harrod's argument are examined and compared with the 'textbook' interpretation. The latter is shown to be extremely reductive, as it ignores both Harrod's interest in the trade cycle and his methodological criticism of the 'time-lag theories of the cycle', and it also underrates the interesting implications of his non-linear approach and the epistemic implications of the instability principle.
Création de la notice
10/11/2009 16:08
Dernière modification de la notice
20/08/2019 15:06
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