Paying attention to cash balances and whether we are in monetary disequilibrium draws our attention to equilibration mechanisms assumed away by both Roy Harrod and Evsey Domar
. Yeager's criticism displayed some characteristic features of his future scholarship.
Robert wrote his dissertation while at Harvard's Russian Research Center (1965-1968), during its peak of activity that centered around the Wednesday lunch presentations attended by such notables as Abram Bergson, Evsey Domar
, Frank Holzman, Joseph Berliner, Marshall Goldman, Gur Ofer, and assorted distinguished visitors.
We note that, if agreeable cyclical growth rates are achieved, debt to income ratios do not expand indefinitely, as Evsey Domar
showed long ago (1944).
The intellectual father of accelerated depreciation, Evsey Domar
, acknowledged in 1957 that Solow was right, yet this law still bedevils.
's application of the Solow growth accounting framework to industry data provided an analytical tool for showing how each industry contributes to aggregate multifactor productivity growth.
Bortis, in particular, writes cogently on the respective versions of the multiplier found in Richard Kahn, Michal Kalecki, Nicholas Kaldor and Evsey Domar
, with some additional very interesting material on the 'super-multiplier' and on the origins of the multiplier analysis in the work of the Physiocrats and Karl Marx.
Herein, Keyserling was aware of the growth analysis of Evsey Domar
and Sir Roy Harrod, but he considered them to be too theoretical (Brazelton, 2001).
Accelerated depreciation policy can be traced back to an influential 1953 paper by Evsey Domar
. In The Case for Accelerated Depreciation, Domar argued that "[g]iven the choice between a lower tax rate with normal depreciation, or a higher rate with accelerated depreciation, I would, except in severe inflation, certainly recommend the latter." (5) Domar's policy advice was based on a theory he developed in a 1946 paper, known as the Harrod-Domar model, predicting that Gross Domestic Product (GDP) was proportional to the number of machines; namely, that investment is the key to growth.
Lo anterior halla eco y soporte intelectual en una frase conocida de Evsey Domar
con base en las teorias de crecimiento economico y el rol de la inversion como palanca de de dicho crecimiento:
(14.) Evsey Domar
(1970) provides considerable theoretical insight into the economics of free versus unfree labor systems (see also Blum, 1957).
A large number of Hansen's students went on to become influential Keynesian economists, including Richard Musgrave (a noted public finance economist) and Evsey Domar
(who went on to make his mark in growth theory).