Abstract
As a pupil of Harrod, R.M. Goodwin saw the blossoming of macroeconomic dynamics as a theory of disequilibrium. He paid very little attention to von Neumann and did not think much of the growth model that goes under this name. This attitude, he now explains, resulted from the fact that joint production, of one the major methodological innovations introduced by von Neumann, appeared (and still now appears) to him as an abstruse way of dealing with fixed capital.
Financial help from the Italian Ministery of Education (FONDI 40%) in Gratefully acknowledged.
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Punzo, L.F. (1988). Harrodian Macrodynamics in Generalized Coordinates. In: Ricci, G., Velupillai, K. (eds) Growth Cycles and Multisectoral Economics: the Goodwin Tradition. Lecture Notes in Economics and Mathematical Systems, vol 309. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-49274-7_3
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DOI: https://doi.org/10.1007/978-3-642-49274-7_3
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