Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

perspectives. Next, the paper shows that the super-multiplier is a micro-economically coherent theory of investment and capital … shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …