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Traverse Analysis: Progenitors and Pioneers

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Author Info
Richardson, C.
Abstract

Traverse analysis has two progenitors (David Ricardo, Karl Marx) and five pioneers: Michal Kalecki, Adolph Lowe, Joan Robinson, J.R. Hicks, and John Hicks. Defined as the dynamic disequilibrium adjustment-path that connects an initial with a different terminal state of economic growth, the traverse comes in four "flavours". There are neoclassical (J.R. Hicks), neo-Austrian (John Hicks), observed (Ricardo, Marx, Kalecki, Robinson), and instrumental (Lowe) traverses. These terms are explained and the seven seminal contributions are summarised and commented upon in this paper.

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Publisher Info
Paper provided by Tasmania - Department of Economics in its series Papers with number 2001-06.

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Length: 28 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:fth:tasman:2001-06

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Postal: UNIVERSITY OF TASMANIA, DEPARTMENT OF ECONOMICS, HOBART TASMANIA 7001 AUSTRALIA.
Phone: +61 3 6226 7672
Fax: +61 3 6226 7587
Web page: http://fcms.its.utas.edu.au/business/ecofin/
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Related research
Keywords: MACROECONOMICS HISTORICAL ANALYSIS PHILOSOPHY

Find related papers by JEL classification:
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General

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This page was last updated on 2008-7-2.

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