Book review : Esteban Pérez Caldentey, Roy Harrod

Thomas, Alex M. (2021) Book review : Esteban Pérez Caldentey, Roy Harrod. Indian Journal of Human Development. pp. 365-369. ISSN 2456-480X

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Esteban Pérez Caldentey, Roy Harrod. Palgrave Macmillan, 2019, xix + 455 pp. 87 (HB) 73Ä (ebook). Harrod (1900–1978), alongside Domar, is very well known among both students and teachers of economics for his contribution to growth theory. However, his work is often only taught so that it can be superseded by Solow’s growth theory; in other words, by design, his work is presented as some sort of a failure. Roy Harrod by Esteban Pérez Caldentey (2019) provides a splendid overview of Harrod’s work and in the process repudiates this dominant (marginalist) view. Much of this setting-the-record-straight has already been done by Daniele Besomi in several articles and books. Caldentey’s book is part of the Palgrave Macmillan series ‘Great Thinkers in Economics’ which aims ‘to illuminate the economics of some of the great historical and contemporary economists by exploring the interaction between their lives and work, and the events surrounding them’. Arthur Lewis, Alfred Marshall, Joan Robinson, G. L. S. Shackle and Piero Sraffa are some of the other economists already covered in this series. My review is restricted to providing a critical summary of some key aspects of Harrod’s economics covered in Caldentey’s book.

Item Type: Article
Authors: Thomas, Alex M.
Uncontrolled Keywords: Economics, Esteban Pérez Caldentey, Roy Harrod, History of economic thought, schools of economic thought
Subjects: Social sciences > Economics
Divisions: Azim Premji University > School of Arts and Sciences
Full Text Status: Public
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