We develop an evolutionary model of growth in which agents choose how to allocate their time between private and social … activities. We argue that a shift from social to private activities may foster market-based growth, but also generate social … of dynamic accumulation of its effects on social environment (i.e., of social capital accumulation), we show that growth …

We present a multi-regional endogenous growth model in which forward-looking agents choose their regions to live in, in …

Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …

A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects … average rates of production growth and capital accumulation. However, the long-run impact of a change in the profit share is …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … condition requiring the growth of employment equal effective labor supply growth. Consequently, the models can have an imploding … paper applies the concept to several different PK growth models. In the Harrod, super-multiplier, Cambridge, and neo …

This paper links the super-multiplier to Keynesian macroeconomics, showing it to be the most Keynesian of growth … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then … explores the implications of incorporating the super-multiplier in the Neo-Kaleckian and Cambridge growth models. Lastly, it …

overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …

We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …