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Betz, F. (2015) Disequilibrium Systems Representation of Growth Models—Harrod-Domar, Solow, Leontief, Minsky, and Why the U.S. Fed Opened the Discount Window to Money-Market Funds. Modern Economy, 6, 1189-1208.
https://doi.org/10.4236/me.2015.612113

has been cited by the following article:

• TITLE: Capital Structures: Vectorizing the Harrod-Domar Model in Macro-Economics

  AUTHORS: Frederick Betz

  KEYWORDS: Macro-Economics, Institutional Economics, Capital Flows, Financial Systems, Theory of the Firm

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.12, September 17, 2018

  ABSTRACT: The epistemological status of economic theory is either as an idealistic pre-scription or a depiction of a factual reality in context. We examine the reality of the macro-economic model of Harrod-Domar in the context of the Japa-nese, Korean and American economic history. Empirically, one sees that the model remained ideal but incomplete in fact. The capital structures in an economy determined whether capital flowed ideally or otherwise. This is a cross-disciplinary research approach combining the economic perspective with the management perspective in the disciplines of the social sciences.