The law of diminishing elasticity of demand in Harrod’s trade cycle (notice n° 145603)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01563cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112024406.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Assous, Michaël |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The law of diminishing elasticity of demand in Harrod’s trade cycle |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2014.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 93 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In The Trade Cycle, Roy Harrod [1936a] propounded the Law of Diminishing Elasticity of Demand. The present paper tries to clarify the precise role Harrod assigned to this law in his The Trade Cycle Theory. We discuss the micro and macro foundations of the Law of Diminishing Elasticity of Demand and argue that it explains one of the main mechanisms that stabilize the economy during the trade cycle. In addition, we highlight how the Law of Diminishing Elasticity of Demand allowed Harrod to micro-found a nonlinear saving function that can give rise to an endogenous countercyclical value of the multiplier. The paper concludes by reviewing the main arguments related to the Law of Diminishing Elasticity of Demand proposed in the late 1930s. JEL classification: B22, E32 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Harrod |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | law of diminishing elasticity of demand |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | trade cycle |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | imperfect competition |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Bruno, Olivier |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Dal-Pont Legrand, Muriel |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Dal-Pont, Muriel |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Papers in Political Economy | o 67 | 2 | 2014-12-01 | p. 159-173 | 0154-8344 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-papers-in-political-economy-1-2014-2-page-159?lang=en">https://shs.cairn.info/journal-papers-in-political-economy-1-2014-2-page-159?lang=en</a> |
Pas d'exemplaire disponible.
Réseaux sociaux