Harrod’s Economic Dynamics As A Persistent And Regime-Changing Adjustment Process

  • Maurizio Pugno


Harrod’s analysis of economic dynamics does not consist of a compact and coherent set of statements. It is instead scattered over many writings belonging to different periods of his intellectual life. However, its impact on economists has been great, given its contribution to the birth of macro-dynamics.


Business Cycle Utilisation Rate Actual Growth Rational Expectation Investment Equation 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1998

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  • Maurizio Pugno

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