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- W2491121542 abstract "The making of Harrod’s dynamics is the story of the definition of a methodological guideline in continuity with traditional theory, of the criticism of the orthodox approach which led to the formulation of the instability principle as an epistemic premise to trade cycle theorizing, and of the assembling of the analytical tools to develop a mechanism capable of giving rise to fluctuations as a departure from equilibrium growth. Harrod’s troubles, however, did not end with the publication of The Trade Cycle and the ‘Essay’. His readers’ comments showed a remarkable unanimity in failing to grasp Harrod’s point. Harrod’s writings also seem to have shared the destiny of the classics of the literature, which are always cited, but rarely read." @default.
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- W2491121542 date "1999-01-01" @default.
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- W2491121542 title "Epilogue: the Story of a Failure" @default.
- W2491121542 doi "https://doi.org/10.1057/9780230371828_9" @default.
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