golden age path. In his subsequent writings, Harrod emphasized the importance of managerial expectations as an underlying …, mathematically and psychologically sound, expectations structure to Harrod’s original model in a manner consistent with Harrod …

The problem of expectations in economic models is reviewed through the intellectual development of the author. Initial … efforts at macroeconomic modeling such as Foley-Sidrauski (Foley and Sidrauski 1971) treated expectations as conditioning … expectations) in this context leads to saddle-point instability of equilibrium, and the unanswered question of what behavioral …