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This landmark book describes and analyzes the original contributions Sir Roy Harrod made to fields including microeconomics, macroeconomics, international trade and finance, growth theory, trade cycle analysis and economic methodology. Harrod’s prolific writings reflect an astounding and unique intellectual capacity, and a wide range of interests. He became Keynes ́ biographer and wrote a volume on inductive logic. At the policy level, Harrod played a central role in the formulation of the Keynes ́ Clearing Union plan for international monetary reform. He also actively participated in British politics and government and gained recognition as an expert in the field of international economics. Yet, until now, Harrod has remained an underrated economist, commonly misunderstood and misrepresented. This is the first major intellectual biography of Harrod to be published.
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Monographic compilation of esays on economic theory written by former pupils, colleagues and fellow economists to honour the formal retirement of sir roy harrod from Oxford - covers economic theories relating to economic growth, trade, the enterprise, econometrics, price structures, economic integration, etc. Bibliography of the works of sir roy harrod pp. 361 to 376, references and statistical tables. Festschrift harrod sir r, economist.
This book inquires into the origin and early development of Roy Harrod's notion of economic dynamics. It examines how Harrod gathered the analytical, methodological and epistemic components of his theory, and how these are logically connected. It shows that the organizing concept is the instability principle, a premise rather than a result of Harrod's trade cycle theory. The relationship of Harrod's dynamics with the 'orthodox theory' and with the alternative approaches to dynamics is also examined.
This book makes Keynes's writing on his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models that try to observe Keynes's warnings about an unknowable future in the type of world we inhabit.
On growing up in the American South of the 1960s—an all-American white boy—son of a long line of Methodist preachers, in the midst of the civil rights revolution, and discovering the culpability of silence within the church. By the Pulitzer Prize-winning journalist and columnist for The Birmingham News. "My dad was a Methodist preacher and his dad was a Methodist preacher," writes John Archibald. "It goes all the way back on both sides of my family. When I am at my best, I think it comes from that sermon place." Everything Archibald knows and believes about life is "refracted through the stained glass of the Southern church. It had everything to do with people. And fairness. And compassion." In Shaking the Gates of Hell, Archibald asks: Can a good person remain silent in the face of discrimination and horror, and still be a good person? Archibald had seen his father, the Rev. Robert L. Archibald, Jr., the son and grandson of Methodist preachers, as a moral authority, a moderate and a moderating force during the racial turbulence of the '60s, a loving and dependable parent, a forgiving and attentive minister, a man many Alabamians came to see as a saint. But was that enough? Even though Archibald grew up in Alabama in the heart of the civil rights movement, he could recall few words about racial rights or wrongs from his father's pulpit at a time the South seethed, and this began to haunt him. In this moving and powerful book, Archibald writes of his complex search, and of the conspiracy of silence his father faced in the South, in the Methodist Church and in the greater Christian church. Those who spoke too loudly were punished, or banished, or worse. Archibald's father was warned to guard his words on issues of race to protect his family, and he did. He spoke to his flock in the safety of parable, and trusted in the goodness of others, even when they earned none of it, rising through the ranks of the Methodist Church, and teaching his family lessons in kindness and humanity, and devotion to nature and the Earth. Archibald writes of this difficult, at times uncomfortable, reckoning with his past in this unadorned, affecting book of growth and evolution.
`This careful and long-overdue biography fills us in on the life and work of an American economist who was important during the first three decades of the century. The book is especially timely because Young's seminal article (1928) on increasing returns is now widely acknowledged to foreshadow much of the modern analysis of edogenous growth and related inquiry.' - James M. Buchanan, George Mason University Allyn Young was one of the most prominent and influential economists in the interwar period. His influence came largely through the work of his students: Frank Knight, Holbrook Working, Edward Chamberlin, Seymour Harris and others. He held professorships at Stanford, Cornell, and Harvard Universities among others. His public service included chief economic advisor to the American delegation at the Paris Peace Conference in 1919. This book provides the first full study of Allyn Young's life and work. It presents detailed expositions of his papers on demographics, value theory, depreciation, taxation, index number theory, and increasing returns. It is a straightforward analysis of the life and work of one of the most fascinating economists of this century.
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'.