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Fusing indissolubly the cycle and the trend: Richard Goodwin’s profound insight

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  • G. C. Harcourt

Abstract

A major concern for Richard Goodwin all of his professional life was to understand the laws of motion of the capitalist mode of production. This led very early on to his profound insight that the trend and cycle are indissolubly fused and ultimately to his most important theoretical construct, the growth cycle. This article sets out the historical development of his idea and discusses the influences on him as it was developed and the contexts in which his idea was set.

Suggested Citation

  • G. C. Harcourt, 2015. "Fusing indissolubly the cycle and the trend: Richard Goodwin’s profound insight," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(6), pages 1569-1578.
    • Handle: RePEc:oup:cambje:v:39:y:2015:i:6:p:1569-1578.
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    File URL: http://hdl.handle.net/10.1093/cje/bev045
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    Cited by:

    1. Araujo, Ricardo Azevedo & Dávila-Fernández, Marwil J. & Moreira, Helmar Nunes, 2019. "Some new insights on the empirics of Goodwin's growth-cycle model," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 42-54.
    2. Enrico Bellino & Christian Bidard & Saverio M. Fratini & G.C. Harcourt & Arrigo Opocher & Ian Steedman & Naoki Yoshihara & Heinz D. Kurz, 2017. "Symposium on Arrigo Opocher and Ian Steedman (," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 586-624, November.

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    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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