Unless equality is exogenously imposed between the rate of growth of autonomous demand and the warranted rate, a given rate of growth of autonomous demand generates various 'short-period' warranted rates of growth, period by period. In a stable case, these 'short-period' warranted rates converge...

In writing about the "rhetoric of economics" - particularly about the standards which prevent situations where "anything goes" in argument - McCloskey takes an eclectic approach to two philosophical positions, based on Rorty and Habermas respectively. But these positions, despite sharing some...

The literature on 'horizontal innovation' claims to analyse the cases where unbounded endogenous growth comes from an increasing variety of intermediate goods. The present paper contends that a good sample of representative models in this literature share two essential assumptions regarding...

It is argued that the use of an aggregate accumulation function in the 'Kalecki-Steindl' approach conceals the problem of overdetermination in that approach. Three possible solutions to overdetermination within the framework of that approach are then shown to pose serious problems. A suggestion...