----------------- HES POSTING ----------------- 
 
[NOTE: The following exchange took place on the Post Keynesian Thought list, in response
to one of its members posting Daniele Besomi's message to HES. - RBE]
 
 
From:           "J. Barkley Rosser, Jr." <[log in to unmask]> To:             "Post Keynesian Thought" <[log in to unmask]> 
Subject: Re: HES: WWW -- Harrod home-page 
Date sent:      Tue, 22 May 2001 15:32:25 -0400 
Send reply to:  [log in to unmask] 
 
Nice website, but it is at least slightly misleading in its cover remarks. It seems to
imply that Harrod was the first to show a multiplier-accelerator model of the trade cycle.
His 1936 article did precede most others, including the more widely cited one by Samuelson
in 1939.  But Kalecki beat him to the punch in 1935.
 
Although Kahn may have come up with multiiplier only in the early 1930s, Aftalion had
posited the accelerator as early as 1913, and clearly saw it as a mechanism for explaining
cyclical fluctuations.
 
Barkley Rosser 
 
 
From: "eperez" <[log in to unmask]> To: <[log in to unmask]> 
Cc: "Post Keynesian Thought" <[log in to unmask]> 
Sent: Tuesday, May 22, 2001 6:05 PM 
Subject: Re: HES: WWW -- Harrod home-page (fwd) 
 
 
In "The Making of Harrod's Dynamics" (1999) p.228-229 note 22, D Besomi writes: 
 
On 3 October 1935 he (Harrod) wrote to Robertson: "I have before me Econometrica, with its
Tinbergen and Kalecki. I suspect that Kalecki is saying somthing that I have been feeling
towards, and I have got to try and find out. But what a paper it is!. A letter from
Kalecki survives dated 9 October 1935 certifying that Harrod actully read Kalecki's
Econometrica article and that he found it difficult to understand."
 
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