Following Desai (Desai, M. 1984. An econometric model of the share of wages in national income: UK 1855-1965, pp. 253-77 in Goodwin, R. M. et al. (eds), Nonlinear Models of Fluctuating Growth, Berlin, Springer), Goodwin's simple 'predator-prey' growth cycle model of the economy (Goodwin, R. M....

In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...

The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical debates within Marxian political economy ever since the publication of Volume III of Capital. An important limitation of this literature is the absence of a comprehensive econometric analysis...