Abstract
In this letter to the editors of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch’s rocking horse model, published in an earlier issue of the same journal, and detail why the comments by Jean-Marc Ginoux and Franck Jovanovic on my paper have no grounding. I explain the role of initial conditions on the amplitude of cycles and trend in Frisch’s solution, and emphasize that my contribution was to show that Frisch built a model where cycles and growth came from the same economic mechanism.
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