Traverse Analysis: Progenitors and Pioneers

C. Richardson

Working Papers from Tasmania - Department of Economics

Abstract: Traverse analysis has two progenitors (David Ricardo, Karl Marx) and five pioneers: Michal Kalecki, Adolph Lowe, Joan Robinson, J.R. Hicks, and John Hicks. Defined as the dynamic disequilibrium adjustment-path that connects an initial with a different terminal state of economic growth, the traverse comes in four "flavours". There are neoclassical (J.R. Hicks), neo-Austrian (John Hicks), observed (Ricardo, Marx, Kalecki, Robinson), and instrumental (Lowe) traverses. These terms are explained and the seven seminal contributions are summarised and commented upon in this paper.

Keywords: MACROECONOMICS; HISTORICAL ANALYSIS; PHILOSOPHY (search for similar items in EconPapers)
JEL-codes: B22 B20 (search for similar items in EconPapers)
Date: 2001

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Persistent link: http://EconPapers.repec.org/RePEc:fth:tasman:2001-06

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