Feldman and the Strategy for Economic Growth

Harald Hagemann

A chapter in Russian and Western Economic Thought, 2022, pp 235-247 from Springer

Abstract: Abstract Feldman (1884–1958) was a pioneer in the mathematical study of economic growth. Starting from Marx’s two-sectoral model, in the Soviet industrialization debate Feldman (1928) formalized the notion that investment priority for the capital goods sector was a precondition for attaining a higher rate of growth. With the emergence of modern growth theory by Harrod and Domar, and the rise of development planning in countries such as India, Feldman’s structural model of production gained new attraction in the West, as indicated by models constructed by Mahalanobis, Dobb or Lowe. In his chapter, Hagemann explores the characteristics of Feldman’s Soviet model of economic growth, Domar’s reassessment and compares the two-sectoral Marx–Feldman–Mahalanobis model with the three-sectoral Lowe–Dobb model.

Keywords: Feldman model; Investment priority for heavy industry; Dobb; Domar; Lowe; Mahalanobis; Preobrazhenski (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-3-030-99052-7_11

Ordering information: This item can be ordered from
http://www.springer.com/9783030990527

DOI: 10.1007/978-3-030-99052-7_11

Access Statistics for this chapter

More chapters in Springer Studies in the History of Economic Thought from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().