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CONCEPT HARROD-DOMAR [1 record]

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Record 1 1981-01-27

English

Subject field(s)
  • Laws of the Market (Economy)
OBS

The Ricardo-Marx-Solou model of smooth substitutability of labor for capital (i.e., of labor for a great variety of alternatively producible capital goods) has less need to work with Harrod-Domar concepts than those models which regard the capital-output ratio as a hard constant (...) it is useful to interpret the Harrod-Domar concepts for a neoclassical model like Fig. 37-2 [p. 721] (...)

French

Domaine(s)
  • Lois du marché (Économie)

Spanish

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