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Towards a Dynamic Economics. Some Recent Developments of Economic Theory and their Application to Policy.

HARROD, R. F.:

Editorial: London: Macmillan, 1948., 1948
Encuadernación de tapa dura
Librería: Ted Kottler, Bookseller (Redondo Beach, CA, Estados Unidos de America)

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First Edition. ix, 169 pp. Original cloth. Upper corner of rear cover slightly bumped. Two ink stamps on flyleaf. Else Very Good+, in very good dust jacket (2.5 x 3.5 inch sticker on front dust jacket panel). "Official biographer of Keynes and leading promoter of Keynesian economics, Harrod's own contribution to economics was to dynamise the Keynesian theory of income determination by converting it into a theory of the requirements of steady-state growth, that is, a growth path which can be sustained indefinitely until it is disturbed by an outside shock. Because Evsey Domar produced a later but similar version of the same theory, it has come to be known as the 'Harrod-Domar growth model'. First sketched in 1939 and then expanded into a book, Towards a Dynamic Economics, Harrod aided by Domar literally turned economics around from its almost total preoccupation with static equilibrium theory . The post-war publication of Towards a Dynamic Economics sparked off a great debate on the 'knife-edge' properties of Harrod's steady-state growth path in which it was argued that both the accelerator and the saving rate were subject to automatic corrective forces that drove the actual growth rate back to the warranted growth rate every time it deviated from it" (Mark Blaug, Great Economists Since Keynes, pp. 82-3). N° de ref. de la librería 13867

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Detalles bibliográficos

Título: Towards a Dynamic Economics. Some Recent ...

Editorial: London: Macmillan, 1948.

Año de publicación: 1948

Encuadernación: Hardcover

Condición de la sobrecubierta: Dust Jacket Included

Edición: 1st Edition

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