A two-region model is developed to examine the implications of trade and capital flows between the North, which produces a good which is used for consumption and investment purposes in both the North and the South, and the South, which produces a good which is used as a consumption good in the...

This paper takes up the question of whether government debt worsens the distribution of income as tax revenues from workers are used to pay for the interest on the debt held by the rich. In so doing, we develop a post-Keynesian model in which growth is determined by aggregate demand rather than...

This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant...