Research over the last 10 to 15 years on the possibility of a Sraffa—Keynes synthesis has, in part, been concerned with clarifying the concept of a normal rate of capacity utilization, as well as its role in price determination and its interdependence with relative prices. This paper examines...

This paper reappraises sustainable trajectories of public debt and fiscal balance, with particular reference to the possible relations between the interest rate on debt and the growth rate of the economy. From the standpoint of the approach to the theory of interest proposed by Keynes--and, in a...

The paper reflects on two phenomena seen by orthodoxy as key defining characteristics of imperfect competition: product differentiation and restricted mobility of resources. Product differentiation is first considered in terms of its significance within a Sraffian price model. This in turn...

The Australian government has passed legislation, the Clean Energy Future Policy, establishing a carbon-emission pricing scheme. While the scheme is represented as the most efficient and cost effective means of reducing emissions, the government has also committed to ensuring equity in burden...

This paper examines Kalecki's explanation of investment in his 1968 paper 'Trend and business cycles reconsidered' and his idea on the relationship between the long-run trend and the business cycle. An important aspect of that explanation is a comparison between actual and the so-called...

Treaty federalism in North America encompasses not only governance implications of the historic treaties signed with Aboriginal peoples, but also the modern-day treaties known as “comprehensive land claim agreements.” This article explores how treaty federalism is realized in Northern Canada...