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Traverse Analysis: Progenitors and Pioneers

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  • Richardson, C.
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    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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    Bibliographic 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://www.utas.edu.au/economics-finance/
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    Keywords: MACROECONOMICS ; HISTORICAL ANALYSIS ; PHILOSOPHY;

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