Harrod, Kaldor, and the Idea of the "Foreign Trade Multiplier” - Harrod, Kaldor e l’idea dell’esistenza di un “moltiplicatore del commercio estero”
AbstractMany authors, inspired by the so-called ‘post-Keynesian’ theories, focused their attention on the idea of the ‘Harrod’s foreign trade multiplier’ which is different from the traditional open market Keynesian multiplier. This idea, re-discovered by Nicholas Kaldor, is a topical subject in the current debate on the so-called Thirlwall’s Law, that he considered as the ‘dynamic’ version of that multiplier. In the light of the different editions of International Economics and of the precious papers collected in the recent publication of the Collected Interwar Papers and Correspondence of Roy Harrod edited by Daniele Besomi, we notice how Harrod kept his distance from that idea: after a long discussion with Kahn, Robertson, Meade and Keynes, he denied the existence of an automatic mechanism to adjust the balance of payments, as maintained in the Kaldorian tradition. - L’idea dell’esistenza di un “moltiplicatore del commercio estero di Harrod” distinto dal tradizionale moltiplicatore keynesiano di mercato aperto è da tempo oggetto di attenzione da parte di numerosi autori che si ispirano al filone di pensiero cosiddetto “post-keynesiano”. Riscoperta da Nicholas Kaldor, quell’idea è tornata di attualità nell’ambito del dibattito sulla cosiddetta “legge di Thirlwall”, che il suo stesso ideatore considera la versione “dinamica” del “moltiplicatore del commercio estero di Harrod”. Alla luce delle varie edizioni di International Economics e della preziosa documentazione contenuta nella recente edizione dei Collected Interwar Papers and Correspondence of Roy Harrod (CIPC) curata da Daniele Besomi, emerge chiaramente come, alla fine di una lunga discussione che ha visto impegnati Kahn, Robertson, Meade e lo stesso Keynes, diversamente da quanto si sostiene nella tradizione kaldoriana, Harrod abbia preso le distanze dalla sua idea originaria.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 65 (2012)
Issue (Month): 1 ()
Contact details of provider:
Postal: Via Garibaldi 4, 16124 Genova, Italy
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.ge.camcom.it/IT/Tool/Modulistica
More information through EDIRC
Harrod; Kaldor; Growth Theories; Foreign Trade Multiplier;
Find related papers by JEL classification:
- B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Anthony P. Thirlwall, 2011.
"Balance of payments constrained growth models: history and overview,"
PSL Quarterly Review,
Economia civile, vol. 64(259), pages 307-351.
- A. P. Thirlwall, 2011. "Balance of Payments Constrained Growth Models: History and Overview," Studies in Economics 1111, Department of Economics, University of Kent.
- Boggio, Luciano, 1996. "Growth and international competitiveness in a 'Kaldorian' perspective," Structural Change and Economic Dynamics, Elsevier, vol. 7(3), pages 299-320, September.
- Dixon, R & Thirlwall, A P, 1975. "A Model of Regional Growth-Rate Differences on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 27(2), pages 201-14, July.
- Daniele Besomi, 2000. "On the Spread of an Idea: The Strange Case of Mr. Harrod and the Multiplier," History of Political Economy, Duke University Press, vol. 32(2), pages 347-380, Summer.
- Boyer, Robert & Petit, Pascal, 1989. "Kaldor's growth theories : past, present and prospects," CEPREMAP Working Papers (Couverture Orange) 8905, CEPREMAP.
- A. P. Thirlwall, 1983. "A Plain Man's Guide to Kaldor's Growth Laws," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 345-358, April.
- Anthony Philip Thirlwall, 1979.
"The Balance of Payments Constraint as an Explanation of International Growth Rate Differences,"
Banca Nazionale del Lavoro Quarterly Review,
Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
- Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- Daniele Besomi, 1997. "Statics and dynamics in harrod's trade cycle," Review of Political Economy, Taylor & Francis Journals, vol. 9(2), pages 181-209.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.