Cumulative Causation, Harrod’s Trade Multiplier, and Kaldor’s Paradox: The Foundations of Post-Keynesian Theory of Growth Differentials

Abstract

The exploration of the links between productive specialization, technological innovation and growth in an open economic system has been constantly (and often passionately) pursued since the very beginning of modern economic thought. One of the controversial issues in the ‘great debates’ between free traders and protectionists, convergence and cumulative causation theorists, paladins of a world laissez-faire and proponents of a new economic order and, more recently, between endogenous growth theorists, is if and how economic growth is dependent on productive specialization and, should that be the case, if and how the latter could be enhanced or modified through innovation. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 20 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.