Abstract
John Hicks coined the term “traverse” in his book Capital and Growth to describe the process of transition from one equilibrium growth path to another. A structural approch to this transition raises the question of whether the several sectors of the whole economy behave in a synchronic or a-synchronic manner.
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© 2016 Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile
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Halevi, J. (2016). Lowe, Dobb and Hicks. In: Post-Keynesian Essays from Down Under Volume IV: Essays on Theory. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-47529-9_18
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DOI: https://doi.org/10.1057/978-1-137-47529-9_18
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