This paper extends Solow's vintage capital model by (1) deriving profits as a function of investments, and (2) adding an investment financing equation in terms of profits. It is shown that these extensions lead to a completely endogenous growth model. The dynamic system yields an equilibrium...

This article views the four economies of the South in a long run historical perspective of 1500-2000. It contrasts the history and the initial endowments of the two Northern hemisphere economies China and India which are land scarce and labour abundant with the two Southern hemisphere economies...

Nicolas Kaldor's critique of monetarism from 1970 until his death is described and evaluated. It is argued that subsequent events, as well as empirical research, vindicate his critique. Kaldor's critique of John Maynard Keynes's monetary theory is then seen as an extension of his "Radcliffe"...

Meghnad Desai responds to the article by Thomas Mayer and Patrick Minford, ‘Monetarism: A Retrospective’ that appeared in World Economics, Vol. 5, No. 2 (April–June), 2004, pp. 147–185.