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 theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium … participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …

environmental issues, and giving a hint on some of its wider applications. We also show relationships to neoclassical growth theory. …

equate the expected urban wage (given a downward rigid real wage in the urban sector) to the real wage. Unemployment is … endogenously determined. Interpreting unemployment as damage, urban pollution (damage denoted in units of labour) can also support … the same equilibrium with the value of damage equal to the value of resources otherwise lost through unemployment. However …

This paper analyzes a North-South trade model with costly offshoring and equilibrium unemployment due to union wage …