The 'General Theory' Synthesis According to Roy Harrod in 'Mr. Keynes and Traditional Theory' (A síntese da Teoria Geral do Emprego, dos Juros e da Moeda segundo Roy Harrod em 'Mr. Keynes and Traditional Theory')
Revista de Economia (Curitiba), Vol. 23, pp. 27-49, 2000
24 Pages Posted: 23 Feb 2007
The hypothesis behind the ongoing research that motivates this paper suggests that the mathematical formalizations of the General Theory of Employment, Interest and Money advanced by Roy Harrod, John Hicks and James Meade, as well as the ones by David Champernowne and Brian Reddaway, although similar in their form, were constructed using different kinds of reasonings, justifications and theoretical arguments. Consequently, the acceptance and success of the mathematized version occurred because it allowed the - implicit - incorporation of the diverse causal relations proposed by each of these authors. Lack of space and time prevent a complete development of this hypothesis here, so this text focuses only on Harrod's contribution.
Note: Downlodable document is in Portuguese.
Keywords: IS-LM, John Maynard Keynes, Roy Harrod, John Hicks, David Champernowne, Brian Reddaway, James Meade
JEL Classification: B2, B32
Suggested Citation: Suggested Citation