' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa ….s theorem to show that introducing human capital accumulation in the standard way does not resolve the puzzle. However, balanced … growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor. We …

Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …

Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …

that capital itself is a form of organized power and researched how capitalists sustain, defend and augment their … capitalized power. We called our approach 'capital as power' - or CasP, for short. But that's only one side of the picture. Power …

by controlling employment and therefore the number of future retirees through capital accumulation. An extension of the …

Inasmuch as the U.S. economy has been very slow in recovery from deep recession with unemployment hovering around 9 per …