Abstract
The traverse is at the same time one of the most important concepts in economic theory, and also one of the most neglected. The term was first coined by the late John Hicks, in Capital and Growth (1965), the work marking the separation between the Hicks of the ‘temporary equilibrium method’ (1939) and the Hicks of dynamic analysis (1985). Later Adolph Lowe (1976) used the notion of the traverse in the context in which the sectoral discontinuities in the process of reproduction and accumulation emerge as the main factors governing the possibility of transition from one steady state equilibrium to a new one.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
