-economy are presented. First, my theory endogenizes completely the three-equation Klein model of consumption function, savings …In this paper, I present a theory of dynamic economic growth, business cycles, and asset pricing that integrates (1 … intertemporal consumption and portfolio decisions by risk-averse capitalists facing a contractual labor cost.The aggregate labor …

macrodynamic modeling. We start from a simple prototype small scale model of private debt and income with fixed prices. This system … is similar to the Lotka-Volterra predator-prey system, in which private debt plays the role of predator and income plays …

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of …

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of …

foreign banks. We investigate the effects and interactions that these features have on trade and financial flows, income …

The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with … macroeconomic and income distribution dynamic. We will use the steady-state case and simulations experiments to analyse model …

-day conditions, the paper builds on Keynes's insights in his General Theory on the stock exchange by going back to his Treatise …

In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … hypothesis that relegates money and finance to the sidelines. Minsky vehemently denied the relevance of such a theory, at least … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first …