In this paper we argue that as models of profitability and growthwithin the Marxist tradition have become more formal, they have reliedincreasingly upon assumptions of equilibrium. Analternative single-region, single-commodity model is proposed in whichoutput, demand, and capital accumulation...

Technical change arises from three sources: innovation within firms; changes in the relative size of firms with different technologies; and the entry and exit of firms, which again carry different technologies. These sources of technical change have different causes and are controlled by...

In this paper the potential for electric vehicle production and the likely economic impacts of developing an electric vehicle industry in Los Angeles are examined. An historical overview of the automobile industry in Los Angeles suggests that a fully fledged automobile complex was never really...

The link between infrastructure and industrial development is studied in an OLG model with endogenous skill acquisition. Industrial development is defined as a shift from an imitation-based, low-skill economy to an innovation-based, high-skill economy, where ideas are produced domestically....