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The
paper argues that Harrodian instability
can be thought of as the motor force of
long period expansions and contractions.
Secondly, by showing how a revised Harrodian
model can yield a limit cycle in the rate
of accumulation, the paper argues that
the turning points in these long cycles
can bse explained by a nonlinear Kaldorian
savings function and a variable scrapping
rate.
May 30, 2002.
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