Synopses & Reviews
This book marks the beginning of the modern theory of growth, originally published in 1948, it develops the Harrod-Domar model, and launches the entire post-war research program on economic growth. This new edition features a new introduction by Nobel Laureate, Robert Solow, which celebrates the significance of Harrod's work.
Synopsis
This book marks the beginning of the modern theory of growth, originally published in 1948, it develops the Harrod-Domar model, and launches the entire post-war research program on economic growth. This new edition features a new introduction by Nobel Laureate, Robert Solow, which celebrates the significance of Harrod's work.
About the Author
SIR ROY F. HARROD, 1900-1978, taught Economics, and produced his original contributions to the subject at Oxford, UK,between 1924 and his retirement in 1967. Elected to a Lectureship at Christ Church Oxford in 1922, he then spent some time at Cambridge with John Maynard Keynes, with who he remained in close friendship with for the rest of Keynes' life, and whose official biography he published in 1951. Outside economic theory Harrod's claim to prominence was his work on inductive logic (1956), his role on the Statistical Staff and as personal adviser to Winston Churchill during WWII, and his unofficial advice to Harold MacMillan as Prime Minister. He also devoted great energy to the life of his Oxford College.
Table of Contents
1. The Need for a Dynamic Economics
2. The Supply of Saving
3. Fundamental Dynamic Theorems
4. The Foreign Balance
5. Contra-Cyclical Policy
6. Interest of Obsolete
7. Appendix