distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers …, as well as on the effects of increasing "shareholder value orientation" of management's investment decisions. An isolated … increase in the "shareholder value orientation" of management's investment decisions has a uniquely negative effect on capacity …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … find that a smaller long-run growth rate may be associated with a smaller capital-income ratio. Hence, the key implication … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …

This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in … particular, at the role that the degree of capacity utilization plays in the process of growth of an economy that is not … growth can be profit-led rather than wage-led. The model also determines the value to which the degree of capacity …

important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the … variants of 'profits without investment' demand and growth regimes in finance-dominated capitalism. We review the different …We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we …