Kaleckian model of growth and distribution. We provide an exposition of the underlying theory of wage- and profit-led growth. We …—a redefinition of the concept of wage- and profit-led economy is necessary. We estimate the demand and distribution schedule for the …This paper examines the relationship between the distribution of income and capacity utilization in the context of the …

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other …

This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

This paper estimates the distribution-led regime of the US economy for the period 1947-2019. We use a time varying … become less profit-led since; it is slightly wage-led over the last fifteen years. …

economists and policy makers have given to it names such as "profit-led inflation" or "sellers' inflation." The present paper … discusses the extent to which profit-led inflation, as an explanation for the recent surge in inflation, is compatible with what … we know about the price-setting behavior of firms, income distribution, and inflation. We do that in juxtaposition to two …

and output (as the wage earners' propensity to consume is higher than that of profit earners and rentiers). An endogenous …