theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to …The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the …. Technological progress without physical capital accumulation magnifies inequality in or out of steady state, generating a Picketty …

economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are … explained as a result of the rate of return differentials due to presence/absence of capital among the countries whereby capital … flows from the capital rich countries to capital poor countries. We show that the rate of return differentials could arise …

Income equality and trust seem to go along with several other ingredients of social capital as determinants of economic …

identical, capital-rich and capital-poor individuals (‘capitalists’) and (‘workers’) are in conflict over factor (labour-capital …

KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP …