Harrod-Neutral Technical Progress and Fluke Switch Points

25 Pages Posted: 21 Jul 2019

Date Written: July 19, 2019

Abstract

This article considers Harrod-neutral technical progress in the context of an analysis of the choice of technique. In a model of the production of commodities by means of commodities, neutral technical change is compatible with the reswitching of techniques, capital reversing, process recurrence, and the reverse substitution of labor. A taxonomy of fluke switch points is applied to an example, illustrating how these phenomena can arise and vanish in the course of neutral technical progress.

Keywords: Cambridge Capital Controversy, Harrod-neutral technical change, structural economic dynamics, choice of technique

JEL Classification: B1, C67, D33, O33

Suggested Citation

Vienneau, Robert L., Harrod-Neutral Technical Progress and Fluke Switch Points (July 19, 2019). Available at SSRN: https://ssrn.com/abstract=3419419 or http://dx.doi.org/10.2139/ssrn.3419419

Robert L. Vienneau (Contact Author)

Independent ( email )

209 Maple Street
Rome, NY 13440
315-336-5417 (Phone)
315-334-4964 (Fax)

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