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Persistent link: https://www.econbiz.de/10009716310
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Most Kaleckian models assume a perfectly elastic labor supply, an assumption that is questionable for many developed economies. This paper presents simple labor-constrained Kaleckian models and uses these models to compare the implications of financialization under labor-constrained and...
Persistent link: https://www.econbiz.de/10003733887
Persistent link: https://www.econbiz.de/10010495812
Most Kaleckian models assume a perfectly elastic labor supply, an assumption that is questionable for many developed economies. This paper presents simple labor-constrained Kaleckian models and uses these models to compare the implications of financialization under labor-constrained and...
Persistent link: https://www.econbiz.de/10010287880