Fusing indissolubly the cycle and the trend: Richard Goodwin’s profound insight

Geoffrey Harcourt

Cambridge Journal of Economics, 2015, vol. 39, issue 6, 1569-1578

Abstract: A major concern for Richard Goodwin all of his professional life was to understand the laws of motion of the capitalist mode of production. This led very early on to his profound insight that the trend and cycle are indissolubly fused and ultimately to his most important theoretical construct, the growth cycle. This article sets out the historical development of his idea and discusses the influences on him as it was developed and the contexts in which his idea was set.

Date: 2015
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Working Paper: Fusing Indissolubly the Cycle and the Trend: Richard Goodwin’s Profound Insight (2012)
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