Modeling Economic Growth: Domar on Moving Equilibrium.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      DOMAR, Evsey; HARROD, Roy, 1900-1978
    • Abstract:
      The article profiles career of economist Evsey Domar and discusses his theories on economic growth. It details his economic growth concept of 'moving equilibrium' and 'method of growth theory'. It discusses Domar's collaboration with economist Roy Harrod and compares Harrod's concept of instability in dynamic equilibrium with Domar's infinite duration of dynamics in economic growth.