Topical comment: essays in dynamic economics applied (Record no. 1040)

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082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.1 HAR
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Harrod, Roy
245 #0 - TITLE STATEMENT
Title Topical comment: essays in dynamic economics applied
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Macmillan
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1961
300 ## - PHYSICAL DESCRIPTION
Extent 265 p.
520 ## - SUMMARY, ETC.
Summary, etc. The sub-title of this book might be thought pretentious; it is intended to be provocative. There is, of course, no settled corpus of doctrines that can be called 'dynamic economics'. Thus it might be held that dynamic theory is as yet by no means ripe for 'application' to practical affairs. I have felt myself, on the contrary, ever since the last war, that valuable lessons might be learnt by viewing passing events in the light of a dynamic theory, however rudimentary it might be. The followers of Adam Smith did not wait a hundred years, namely until the static parts of his system were perfected by Alfred Marshall and his continental contemporaries, before applying his thought to current affairs.<br/>It is possible that the attempt to understand passing events in terms of an elementary dynamics may bring to light, more clearly than attempts at elaborate model building, the crucial importance, hitherto unsuspected, of certain factors. It was, for instance, by repeatedly reviewing the progress of events against a background of dynamic theory, that I became convinced that the volume of orders on investment account plays a more important part in the contemporary trade cycle pattern than the volume of investment itself. Another finding was that variations of output per person employed have at least a parity of importance and indeed a greater importance for prompt and appropriate policy reactions by comparison with variations in the level of employment.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library 2020-02-02 MSR   330.1 HAR 1149 2020-02-02 2020-02-02 Books

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