Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution

This paper compares Kaleckian and Harrodian models of accumulation. The simplicity of the canonical Kaleckian model is appealing but more complex Harrodian specifications are preferable from a behavioral perspective. The local instability of Harrodian-inspired specifications, moreover, offers a unified understanding of both trend and cycles.

MoreLess

Year of publication:	2008
Authors:	Skott, Peter
Publisher:	Amherst, MA : University of Massachusetts, Department of Economics
Subject:	Wachstumstheorie \| Kalecki \| Harrod \| Kaldor \| Robinson \| Steindl \| investment function \| stability \| growth cycle \| reserve army \| multiple equilibria

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Working Paper ; 2008-12
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	594052092 [GVK] hdl:10419/64164 [Handle] RePEc:ums:papers:2008-12 [RePEc]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010287809