Conclusion

So Harrod remained a convinced Keynesian who continued to believe that a long-term imbalance between saving, the main determinant of the warranted rate, and investment opportunity would call for persistent government inter­vention. When that approach to economic policy again becomes fashionable, economists may learn a good deal from Harrod's later articles which have not yet received the same attention from the economics profession as his seminal work in the 1930s and the 1940s.