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  • Search: subject:"growth and instability"
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Harrodian instability 1 Keynesian uncertainty 1 closed systems 1 growth and instability 1 open systems 1 technical progress function 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Ghosh, Dipak 1
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Department of Economics, University of Stirling 1
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Stirling Economics Discussion Papers 1
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Post-Keynesian Models of Economic Growth: Open Systems
Ghosh, Dipak - Department of Economics, University of Stirling - 2008
The closed systems nature of neoclassical models of economic growth - guaranteeing automatic equality between planned savings and investment which, in turn, ensures stability of such models - is achieved by assuming away the existence of uncertainty inherent in economic systems. Once the role of...
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