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ECONOMIC POLICY IN A GROWTH CONTEXT: A CLASSICAL SYNTHESIS OF KEYNES AND HARROD

机译:增长背景下的经济政策:凯恩斯与哈罗德的经典综合

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摘要

This paper clarifies key differences between Harrodian and Keynesian theories and policies, and develops a classical alternative to both. The stability of the Harrodian warranted path is proved, and the Keynesian paradox of thrift is shown to be transient. Distinct Harrodian fiscal policies are derived, and Post-Keyncsian debates about Harrodian dynamics are addressed. Finally, it is argued that business and household savings are fundamentally different, and it is shown that if the business savings rate responds at all to the investment savings gap, it becomes possible to have both profit-driven accumulation as in Keyncs and normal capacity growth as in Harrod.
机译:本文阐明了哈罗狄安理论和凯恩斯理论与政策之间的主要区别,并提出了两者的经典替代方案。证明了Harrodian保证路径的稳定性,并且节俭的凯恩斯悖论被证明是短暂的。得出了截然不同的哈罗德式财政政策,并讨论了后基恩主义者关于哈罗德式动力学的争论。最后,有人认为企业储蓄和家庭储蓄在本质上是不同的,并且表明,如果企业储蓄率完全对投资储蓄缺口作出反应,则有可能既有像Keyncs一样的利润驱动型积累,又有正常的产能增长如哈罗德。

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  • 来源
    《Metroeconomica》 |2009年第3期|455-494|共40页
  • 作者

    Anwar Shaikh;

  • 作者单位

    Graduate Faculty New School For Social Research 79 Fifth Avenue (16th Street entrance) Room 1124 New York NY 10003 USA;

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  • 原文格式 PDF
  • 正文语种 eng
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