Richard M. Goodwin

Richard Murphy Goodwin (* 1913 in Indiana; † 13 August 1996) was an American mathematician and economist with Keynesian- Marxist variety and student of Joseph Schumpeter and Wassily Leontief at Harvard University. He got his degree in 1934 and was under the influence of the world economic crisis. Goodwin taught in England and Italy.

Goodwin is known by the so-called Goodwin model, which he introduced in his work A Growth Cycle 1967. The Goodwin model describes the relationship between functional income distribution and economic cycle. The model is the Lotka -Volterra equations based on the wage rate, the role of the predator and the employment rate has the booty.

Works

Here is a selection of his publications:

  • Multiplier Effects of a Balanced Budget, Notes. In: Econometrica. , 1946.
  • Innovations and the Irregularity of Economics Cycles. In: Restat. , 1946.
  • Dynamic Coupling with Especial Reference to Markets Having Production Lags. In: Econometrica. In 1947.
  • The Business Cycle as a Self- Sustaining Oscillation. In: Econometrica. In 1949.
  • The Multiplier as a Matrix. In: EJ. In 1949.
  • A Nonlinear Theory of the Cycle. In: RES. , 1950.
  • Does the Matrix Multiplier Oscillate? . In: EJ. , 1950.
  • The Nonlinear Accelerator and the Persistence of Business Cycles. In: Econometrica. In 1951.
  • The Optimal Growth Path for Underdeveloped Economy on. In: EJ. In 1961.
  • A Growth Cycle. In: CH Feinstein ( ed.) Socialism, Capitalism and Economic Growth. 1967
  • A Growth Cycle. In: EK Hunt & Jesse G. Schwartz ( ed.): A Critique of Economic Theory. 1972
  • A Note on balance, profit and Fluctuating Growth Rate. In: JE. Cambridge 1983.
  • Disaggregating Models of Fluctuating Growth. In: Richard M. Goodwin, Michael Krüger & Alessandro Vercelli ( eds.): Non- linear Models of Fluctuating Growth. 1984
  • Swinging Along the Turnpike with von Neumann and Sraffa. In: JE. Cambridge 1986.
  • With LF Punzo: The Dynamics of a Capitalist Economy: A multi - sectoral approach. In 1987.
  • The Multiplier - Accelerator discretely Revisited. In: Gianni Ricci & Kumaraswamy Velupillai (ed.): Growth cycles and multisectoral economics: the Goodwin tradition. 1988
  • Swinging Along the Autostrada: Cyclical fluctuations along the von Neumann Ray. In: Richard M. Goodwin, Mohammed Dore & Sukhamoy Chakravarty (ed.): John von Neumann and Modern Economics. 1989
  • Essays in Nonlinear Economic Dynamics. In 1989.
  • Chaotic Economic Dynamics. In 1990.
  • Schumpeter, Keynes and the Theory of Economic Evolution. In: Journal of Evol. Econ .. 1991.
  • Nonlinear Dynamics and Economic Evolution. In: Niels Thygesen, Kumaraswamy Velupillai & Stefano Zambelli (ed.): Business Cycles. 1991
August 13 Goodwin model (economics) Integrated Authority File
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