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Document Mentions (2)
Free Growth and Other Surprises.pdf
1 mentionHOUSE_OVERSIGHT_010912_sub_001 - HOUSE_OVERSIGHT_011011
Source: House Oversight Committee
in Solow’s direction. My simultaneous rates method offers a new means of testing. Twentieth century growth theory, led first by Keynes’ colleague Sir Roy Harrod and then by Solow, has tried to gauge the effectiveness of consumption restraint by a different method from Mill’s and mine. It has looked for effect
Free Growth and Other Surprises.pdf
1 mentionHOUSE_OVERSIGHT_010912_sub_002 - HOUSE_OVERSIGHT_011111
Source: House Oversight Committee
g. I will explore some of this idea later. Harrod’s Knife Edge Solow’s neoclassical growth model developed from ideas published a decade earlier by Roy Harrod. Harrod had described a “warranted growth path” given by the pace of technological innovation. He reasoned correctly that any effort to push investme
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