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Date:
Fri Mar 31 17:19:06 2006
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From:
[log in to unmask] (J. Barkley Rosser, Jr.)
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----------------- HES POSTING ----------------- 
 
[Originally posted on PKT by Greg Ransom. - RBE] 
 
I haven't yet seen John Hick's claim about the inspiration of Harrod's "dynamics" in
Hayek's work discussed in the literature.  Any comments?
  
John Hicks:  
  
"It is not so well known that it [Keynes's and my own move from thinking in terms of
price-levels and the rate of interest to thinking in terms of inputs
and outputs] is matched by a movement from Hayek to Harrod. I once asked Harrod what had
put him on to the construction of his so-call 'dynamic' theory; he said, to my surprise,
that it was thinking about Hayek."
 
(J. Hicks, 1982, pp. 340-341)  
  
Greg Ransom 
 
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