Skip to main content

Goodwin and the Evolution of a Capitalistic Economy: An Afterthought

  • Conference paper
Growth Cycles and Multisectoral Economics: the Goodwin Tradition

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 309))

Abstract

I take this occasion as an opportunity to reflect upon what I have been learning from Richard Goodwin over the last few years since he has been associated with the Institute of Economics in Siena. I am interested in economic dynamics and therefore I will limit myself to say something on this topic though I am well aware that Richard’s interests are much wider and that I could have learned much more. I will expose some reflections that came to my mind when reading again, on a recent occasion, Harrod’s The Trade Cycle and Richard’s papers on the growth cycle and on the multiplier-accelerator models (see Goodwin (1982)).

This paper embodies the remarks I made at the discussion which developed at the workshop. Financial help from the Ministero della Pubblica Istruzione (fondi 60%) is gratefully acknowledged.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Alchian A.A. (1950), Uncertainty,Ev olution, and Economic Theory, Journal of Political Economy.

    Google Scholar 

  • Di Matteo M. (1987), Warranted, Natural, and Actual Rates of Growth: Reflections of a Perplex, Quaderni Istituto di Economia,; n. 67, Siena.

    Google Scholar 

  • Goodwin R.M. (1982), Saggi di Analisi Economica Dinamica ( Roma: La Nuova Italia Scientifica).

    Google Scholar 

  • Harrod R.F. (1936), The Trade Cycle ( Oxford: Oxford University Press).

    Google Scholar 

  • Harrod R.F. (1939), An Essay in Dynamic Theory, Economic Journal.

    Google Scholar 

  • Harrod R.F. (1975), Economic Dynamics(London: MacMillan Co.).

    Google Scholar 

  • Knight F.H. (1921), Risk, Uncertainty, and Profit ( Boston: Houghton Mif-flin Co.).

    Google Scholar 

  • Krueger M.-Glombowski J. (1982), On Istability Principles in the Context of Growth Cycle Theory, Economic Notes.

    Google Scholar 

  • Matthews R.C.O. (1984), Darwinism and Economic Change, Oxford Economic Papers.

    Google Scholar 

  • Medio A. (1979), Harrod ( Milano: Etas Libri).

    Google Scholar 

  • Palomba G. (1939), Introduzione allo studio della dinamica economica ( Napoli: Jovene).

    Google Scholar 

  • Penrose E.T. (1952), Biological Analysis in the Theory of the Firm, American Economic Review.

    Google Scholar 

  • Samuelson P.A. (1939), Interactions between Multiplier Analysis and the Principle of Acceleration, Review of Economic Statistics.

    Google Scholar 

  • Schumpeter J.A. (1939), Business Cycles ( New York: Mac Graw Hill Co.).

    Google Scholar 

  • Simon H.A. (1982), Models of Bounded Rationality ( Cambridge: MIT Univer-sity Press).

    Google Scholar 

  • Tinbergen J. (1937), Review of Harrod R.F. The Trade Cycle, in Weltwirtschaftliches Archiv, Schriftum.

    Google Scholar 

  • Williamson O.E. (1975), Markets and Hierarchies ( New York: The Free Press).

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 1988 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Matteo, M.D. (1988). Goodwin and the Evolution of a Capitalistic Economy: An Afterthought. In: Ricci, G., Velupillai, K. (eds) Growth Cycles and Multisectoral Economics: the Goodwin Tradition. Lecture Notes in Economics and Mathematical Systems, vol 309. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-49274-7_7

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-49274-7_7

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-19467-5

  • Online ISBN: 978-3-642-49274-7

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics