From the Knife Edge to the Nut Shell: A New Analysis of Harrod's Dynamic

Revista de Economía Institucional, Vol. 7, No. 13, Second Semester 2005

32 Pages Posted: 12 Aug 2006

Abstract

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

JEL Classification: O49

Suggested Citation

Moreno Rivas, Álvaro Martín, From the Knife Edge to the Nut Shell: A New Analysis of Harrod's Dynamic. Revista de Economía Institucional, Vol. 7, No. 13, Second Semester 2005, Available at SSRN: https://ssrn.com/abstract=923857

Álvaro Martín Moreno Rivas (Contact Author)

National University of Colombia ( email )

Carrera 30 45-03
Bogota, None
Colombia

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