We consider three objects of people’s status preference, consumption, physical capital holding and money holding, and … of status preference is consumption, a steady state with full employment is reached. If it is physical capital (viz. a … with persistent unemployment arises. -- Status Preference ; Persistent Unemployment ; Long-Run Growth …

, the full-employment region lies between two regions of classical and Keynesian unemployment, in contrast with the standard …

-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and … significantly, its adoption is consistent with unemployment, instead of economic activity expansion. By setting at the center of … analysis the persistently high levels of unemployment and questioning the NAIRU concept itself, this paper aims at signifying …

whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

perspectives. Next, the paper shows that the super-multiplier is a micro-economically coherent theory of investment and capital … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then … shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …