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Technical Progress, Research and Development

In: Joan Robinson and Modern Economic Theory

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  • Thomas K. Rymes

Abstract

Measures of the rate of technical advance, sometimes called sources of growth, total factor productivity, residuals, or measures of our ignorance are now commonplace. It is, however, not a commonplace to find recognition that there are basically two such measures: (i) the traditional measure, based on the early work of Hicks, and (ii) newer ones, based on the theoretical work of the late Sir Roy Harrod and Joan Robinson.

Suggested Citation

  • Thomas K. Rymes, 1989. "Technical Progress, Research and Development," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Joan Robinson and Modern Economic Theory, chapter 23, pages 660-676, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08633-7_23
    DOI: 10.1007/978-1-349-08633-7_23
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