Goodwin’s Growth Cycle: Reminiscence and Rumination
I came to Harvard College as a 16-year-old freshman in September 1940. So far as I had any coherent plan at all, it was to study plant genetics. I can no longer remember where that idea came from; my best guess is that I had heard there were jobs to be had in the US Forest Service. Today’s students cannot imagine how large a factor that was in our minds as the decade of the thirties came to a close.
KeywordsBusiness Cycle Real Wage Employment Rate Aggregate Demand Phillips Curve
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- GOODWIN, R. M. (1967) ‘A Growth Cycle’, in C. H. Feinstein (ed.), Socialism, Capitalism and Economic Growth, Essays Presented to Maurice Dobb (Cambridge: Cambridge University Press) pp. 54–8.Google Scholar
- MINORSKY, N. (1947/62) Introduction to Non-linear Mechanics, published 1962 as Nonlinear Oscillations (New York: Van Nostrand).Google Scholar