Instability Principle

Roy Harrod

Chapter 3 in Economic Dynamics, 1973, pp 32-45 from Palgrave Macmillan

Abstract: Abstract It is needful to open this chapter by some rather trite remarks. This is because there have been references in the writings of distinguished economists to the‘Harrod knife-edge’. Nothing that I have ever written (or said) justifies this description of my view.

Keywords: Business Cycle; Fiscal Policy; Full Employment; Market Rate; Fixed Capital (search for similar items in EconPapers)
Date: 1973
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DOI: 10.1007/978-1-349-01696-9_3

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