Growth theory after Keynes, part I: the unfortunate suppression of the Harrod-Domar model
After Harrod and Domar independently developed a dynamic Keynesian circular flow model to illustrate the instability of a growing economy, mainstream economists quickly reduced their model to a supply side-only growth model, which they subsequently rejected as too simplistic and replaced with Solow’...
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| Format: | Article |
| Language: | deu |
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Rosetti Internaţional
2013-11-01
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| Series: | Journal of Philosophical Economics |
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| Online Access: | http://www.jpe.ro/pdf.php?id=4995 |