Harrod 1939
Bibliographic Data
| ID | 9720607 |
|---|---|
| Authors | Lawrence E Blume (0000-0003-4352-2952, Cornell University, IHS Vienna, and the Santa Fe Institute), Thomas J Sargent (0000-0002-5457-0944, New York University and the Hoover Institution) |
| Year | 2015 |
| Volume | 125 |
| Issue | 583 |
| Pages | 350-377 |
| Publication date | 2015-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12224 |
| OpenAlex | W4244537872 |
| Language | EN |
| Citations received | 1 |
| References cited | 19 |
Harrod's 1939 ‘Essay in Dynamic Theory' is celebrated as one of the foundational papers in the modern theory of economic growth. Linked eternally to Evsey Domar, he appears in the undergraduate and graduate macroeconomics curricula, and his ‘fundamental equation’ appears as the central result of the AK model in modern textbooks. Reading his Essay today, however, the reasons for his centrality are less clear. Looking forward from 1939, we see that the main stream of economic growth theory is built on neoclassical distribution theory rather than on the Keynesian principles Harrod deployed. Looking back, we see that there were many antecedent developments in growth economics, some much closer than Harrod's to contemporary developments. So what, then, did Harrod accomplish
Centrality · Economics · Growth theory · Keynesian economics · Neoclassical economics · Reading (process · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Philosophy
Microeconomic foundations of employment and inflation theory
Mathematical Psychics
Capital in the Twenty-First Century
Tobin's Marginal q and Average q
Theory of the Consumption Function
Interactions between the Multiplier Analysis and the Principle of Acceleration
Adjustment Costs and the Theory of Supply
Two Models of Measurements and the Investment Accelerator
Capital Expansion, Rate of Growth, and Employment
Industrial Fluctuations
Notes on Some Dynamic Models
Formalisation of Mr. Harrod's Model
A Mathematical Theory of Saving
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2020 - 2020 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |