intuitive appeal of the latter feature, we conclude that the neoclassical growth model is a theory of eventual stagnation …

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …

In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … between the marginal value products of agriculture and non-agriculture are considerably smaller when measured through wages … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US …

Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis …