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History of Political Economy 32:2 (2000) for instance, provided an early formulation but overlooked its implications (Dimand 1997), and Keynes and Richard Kahn themselves needed almost two years to fully appreciate its signiï¬cance. Harrodâs case, however, is even more puzzling. An intelligent reader, eager to understand the developments in the Keynesian ï¬eld, he kept in regular contact with Keynes and his Cambridge followers. In 1932 Harrod had grasped the analytical properties of Kahnâs employment multiplier and was ready to apply it to foreign trade in the ï¬rst edition of his book, International Economics (1933b). In 1933 he read Keynesâs articles on the multiplier principle, and in 1934 he and Kahn exchanged intense correspondence on its premises and main implications. However, unable to understand what was taking place, Harrod remained ignorant of the doctrine of effective demand until he read Keynesâs General Theory in proofs during the summer of 1935. The case of Harrod and the multiplier is interesting for two reasons. First, it provides an example of the lack of automatism in the diffusion and acceptance of scientiï¬c concepts and of the necessity that the recipient and proposer of an idea actively connect it to the intellectual tradition
History of Political Economy – Duke University Press
Published: Jun 1, 2000
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