Abstract

MORENO RIVAS, Álvaro Martín. FROM THE KNIFE’S EDGE TO THE NUT SHELL: A NEW ANALYSIS OF HARROD’S DYNAMIC. Rev.econ.inst. [online]. 2005, vol.7, n.13, pp.101-132. ISSN 0124-5996.

Harrod’s research program was the first to integrate the central ideas of “magnum dynamics” into a mechanical framework of vector forces to endogenously explain cycles and growth. Mathematical economists ignored these points and Harrod’s original work was presented in textbooks as the Harrod-Domar growth model. The aim of this paper is to present Harrod’s dynamic and show that his real aim was to build a non linear cyclic growth model.

Keywords : Harrod; dynamic theory; non linear cyclic growth.

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