BESOMI, D. - In: Banca Nazionale del Lavoro Quarterly Review 52 (1999) 208, pp. 95-117
From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of...
