Pérez Caldentey, Esteban; Vernengo, Matías - 2013
We argue that a fundamental difference between Post-Keynesian approaches to economic growth lies in their treatment of … these models rely on the importance of profitability, captured by the profit share, to make the case for profit-led growth … conditions under which an increase in real wages can produce profit or wage-led growth, showing that the limit to a wage …
