Introduction: the choices for wealth over health of nations -- 1. For economic growth and individualism over the land: Adam Smith -- 2. For deductive method and rent over poor relief: David Ricardo and Thomas Malthus -- 3. For maximizing wealth with social redistribution over production reform:...

In the 1960s and 1970s Harrod shifted the emphasis of his research in economic dynamics from the study of business cycles (instability principle) to the investigation of the growth process. As part of that, he restated his concept of the natural growth rate as an optimum welfare rate. The...

In the 1960s and 1970s Harrod shifted the emphasis of his research in economic dynamics from the study of business cycles (instability principle) to the investigation of the growth process. As part of that, he restated his concept of the natural growth rate as an optimum welfare rate. The...