A well-known interpretation of Marx's reproduction schema identifies the role played by the 'Kalecki principle', or Widow's Curse, that capitalists earn what they spend. As Marx writes in Capital Volume II: 'In point of fact, paradoxical as it may seem at the first glance, the capitalist class...

De Angelis (2000) identifies a monetary expression for the value of labour power as a constituent component of the employment multiplier. By conjoining this multiplier with Marx's falling rate of profit thesis, a critique is formulated of alternative strategies of employment generation. This...

This paper explores the relationship between the Keynesian multiplier and Pasinetti's (1981) model of pure production. Key assumptions of Pasinetti's model are its multi-sectoral structure, the definition of all income as a reward to labouring activities, and as a consequence the operation of a...

The contribution to the social theory of consumption of the late Pierre Bourdieu has been widely recognized, but not fully absorbed by the economics discipline. To address this lacuna, an agent-based model of Bourdieu's social theory is developed by extending Axelrod's cultural diffusion model....