Roy Harrod and Traditional Theory

Détails

ID Serval
serval:BIB_E8BB86A2C6A6
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Roy Harrod and Traditional Theory
Périodique
European Journal for the History of Economic Thought
Auteur⸱e⸱s
Daniele Besomi
Statut éditorial
Publié
Date de publication
1997
Peer-reviewed
Oui
Volume
4
Numéro
1
Pages
92-115
Langue
anglais
Résumé
In 1926 and 1936 Sraff and Keynes attacked the methodological core of traditional economic theory by showing that the premises of partial equilibrium analysis were mutually inconsistent.
this paper aims to show that Harrod neglected Sraffa and Keynes's logical arguments, and only admitted that the tacit assumptions under discussion restricted the domain of validityof the theory to special cases: perfect competition and statics. He then proceeded to generalize the theory to imperfect competition and dynamics by applying the principles (but not the instruments) of traditional analysis. The definition of these domains thus aimede at rescuing as mush as possible from the orthodox approach.
Création de la notice
10/11/2009 17:32
Dernière modification de la notice
20/08/2019 16:11
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