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The Making of Harrod's Dynamics

The Making of Harrod's Dynamics

Hardcover

Series: Studies in the History of Economics

Economics

ISBN10: 0333735897
ISBN13: 9780333735893
Publisher: Palgrave MacMillan
Published: Aug 12 1999
Pages: 289
Weight: 1.18
Height: 0.81 Width: 5.50 Depth: 8.50
Language: English
This book inquires into the origin and early development of Roy Harrod's notion of economic dynamics. It examines how Harrod gathered the analytical, methodological and epistemic components of his theory, and how these are logically connected. It shows that the organizing concept is the instability principle, a premise rather than a result of Harrod's trade cycle theory. The relationship of Harrod's dynamics with the 'orthodox theory' and with the alternative approaches to dynamics is also examined.

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Economics