IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-05504-3_10.html
   My bibliography  Save this book chapter

A Model of Cyclical Growth

In: Essays in Economic Dynamics

Author

Listed:
  • R. M. Goodwin

Abstract

My primary concern in this paper is with the simultaneous existence and mutual conditioning of economic growth and economic cycles. It is clearly desirable to have one theory that encompasses both or, at least, to have a more intimate union of the two analyses than is ordinarily effected. It may be argued that this is too ambitious an aim and, in the light of the difficulties that I have encountered, I am inclined to agree. It is better to isolate problems and attack them one by one. Yet, in this particular case, I feel that there are strong reasons to doubt the soundness of analysing on the one hand steady development and on the other stationary cycles. It may well be that many of the serious difficulties of each, considered separately, will yield to a combined attack. But to achieve an advance in this direction we must pay a price, and the price is the abandonment of all but the crudest elements of economic theory.

Suggested Citation

  • R. M. Goodwin, 1982. "A Model of Cyclical Growth," Palgrave Macmillan Books, in: Essays in Economic Dynamics, chapter 10, pages 122-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05504-3_10
    DOI: 10.1007/978-1-349-05504-3_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Veneziani, Roberto & Mohun, Simon, 2006. "Structural stability and Goodwin's growth cycle," Structural Change and Economic Dynamics, Elsevier, vol. 17(4), pages 437-451, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-05504-3_10. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.