| 词条 | Joan Robinson's growth model |
| 释义 |
Joan Robinson, in her book The Accumulation of Capital[1] published in 1956, propagated a simple growth model, which reflects the working of a pure capitalist economy, also known as "Joan Robinson's Growth Model". However, the Accumulation of Capital was a terse book and in one of her other books entitled Essays in the theory of Economic Growth,[2][3] she tried to lower the degree of abstraction. The growth model was propagated in verbal terms, where later on the mathematical formalization was put forward by Kenneth K. Kurihara. Assumptions:[4]
The model{{incomplete section|date=January 2019}}The entrepreneurs’ total profit and the workers’ total wage bill constitute the net national income. It can be mathematically expressed as pY=wN+πpK where Y is the net national income, w is the money wage rate, N is the number of workers employed, K is the amount of capital utilized, p is the average price of output as well as of capital and π is the gross profit rate. References1. ^Joan Robinson, The Accumulation of Capital (London: Macmillan & Co. Ltd., 1956) 2. ^Joan Robinson, Essays in the Theory of Economic Growth (London: Macmillan & Co. Ltd., 1963) 3. ^{{cite journal |first=D. |last=Hamberg |year=1963 |title=Essays in the Theory of Economic Growth by Joan Robinson |journal=American Economic Review |volume=53 |issue=5 |pages=1109–1114 |jstor= }} 4. ^{{cite book |first=S. K. |last=Mishra |first2=V. K. |last2=Puri |title=Economics of Development and Planning |isbn=978-81-8488-829-4 }} Further reading
2 : Economic growth|Economics models |
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