Career
In 1943-45 Admiralty adviser on statistics. In 1947-50 a member of the UN subcommittee on employment and sustainable development, in 1952-53 Economic Advisor of the International Monetary Fund. His main works on the theory of economic growth, business cycles, international trade and money. In the theory of economic growth Harrod tries to determine the growth rate required to use an increasing amount of production capacity and full employment of labor in the long run. In the field of international monetary relations Harrod considers impossible rejection of gold in payments between countries and calls for increasing its prices to increase international liquidity. Considering the problems of economic development of the UK, Harrod, as a prerequisite of economic growth pushes activation balance of payments and foreign exchange reserves increased by limiting imports. The fundamental flaw of Harrod’s bourgeois-apologetic concept - ignoring the real specifics of capitalist reproduction and its contradictions.