Comparative Growth Rates
Mr Dobb is quite right: I think than an arithmetical example can prove something, namely, that a certain hypothesis is of no general validity and this is what I have demonstrated in my Note. (It might prove, in addition, that the compiler of the example is not very good at arithmetic.) As regards Mr Dobb's tenet of growth rates, I am not of course in disagreement with the principle, and the difference between us is merely that he regards it as a significant new Russian discovery, whereas I am under the impression that it has been known to Western economists for some considerable time under the name of the acceleration principle. And to say, as I did, that the r/C ratio has no practical significance, because for well known reasons no reliable estimates of C can be formed, is not, as Mr Dobb suggests, the end of all economics.
Year of publication: |
1979
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Authors: | Gabor, André |
Published in: |
International Journal of Social Economics. - MCB UP Ltd, ISSN 1758-6712, ZDB-ID 2014271-7. - Vol. 6.1979, 5, p. 282-282
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Publisher: |
MCB UP Ltd |
Saved in:
Online Resource
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