Harrod on the classification of technological progress. The origin of a wild-goose chase

Harrod on the classification of technological progress. The origin of a wild-goose chase

From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of interest...

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Bibliographic Details
Main Author: D. BESOMI
Format: Article
Language:English
Published: Associazione Economia civile 1999-03-01
Series:PSL Quarterly Review
Subjects:
Beliefs
opinions and attitudes
Economists
Production functions (Economics)
Harrod
R.F.
Online Access:http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10623/10507
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spelling doaj-c6aa9edbd2084e908b99b43361c0398b2020-11-24T23:44:59ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36431999-03-015220895117Harrod on the classification of technological progress. The origin of a wild-goose chaseD. BESOMIFrom the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of interest. The present work examines the origin and development of Harrod’s notion of neutrality, illustrating how it was characterised, what conceptual framework it presupposed, and what function it played within his dynamic economics.http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10623/10507Beliefsopinions and attitudesEconomistsProduction functions (Economics)HarrodR.F.
collection DOAJ
language English
format Article
sources DOAJ
author D. BESOMI
spellingShingle D. BESOMI
Harrod on the classification of technological progress. The origin of a wild-goose chase
PSL Quarterly Review
Beliefs
opinions and attitudes
Economists
Production functions (Economics)
Harrod
R.F.
author_facet D. BESOMI
author_sort D. BESOMI
title Harrod on the classification of technological progress. The origin of a wild-goose chase
title_short Harrod on the classification of technological progress. The origin of a wild-goose chase
title_full Harrod on the classification of technological progress. The origin of a wild-goose chase
title_fullStr Harrod on the classification of technological progress. The origin of a wild-goose chase
title_full_unstemmed Harrod on the classification of technological progress. The origin of a wild-goose chase
title_sort harrod on the classification of technological progress. the origin of a wild-goose chase
publisher Associazione Economia civile
series PSL Quarterly Review
issn 2037-3635
2037-3643
publishDate 1999-03-01
description From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of interest. The present work examines the origin and development of Harrod’s notion of neutrality, illustrating how it was characterised, what conceptual framework it presupposed, and what function it played within his dynamic economics.
topic Beliefs
opinions and attitudes
Economists
Production functions (Economics)
Harrod
R.F.
url http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10623/10507
work_keys_str_mv AT dbesomi harrodontheclassificationoftechnologicalprogresstheoriginofawildgoosechase
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