This paper examines the utilization controversy around the Kaleckian model of growth and distribution. We show that the … Federal Reserve data on capacity utilization, which have been used by both sides of this debate, are the wrong kind of data … Workweek of Capital. We argue that the long-run dynamic adjustment proposed by Kaleckian scholars lacks a coherent economic …

This paper examines the endogeneity (or lack thereof) of the rate of capacity utilization in the long run at the firm … level. We provide economic justification for the adjustment of the desired rate of utilization toward the actual rate on … behalf of a cost-minimizing firm after examining the factors that determine the utilization of resources. The cost …

This paper examines the endogeneity (or lack thereof) of the rate of capacity utilization in the long run at the firm … level. We provide economic justification for the adjustment of the desired rate of utilization toward the actual rate on … behalf of a cost-minimizing firm after examining the factors that determine the utilization of resources. The cost …

This paper examines the endogeneity (or lack thereof) of the rate of capacity utilization in the long run within the … context of the controversy surrounding the Kaleckian model of growth and distribution. We argue that the proposed long …-run dynamic adjustment, proposed by Kaleckian scholars, lacks a coherent economic rationale. We provide economic justification for …

(Kaleckian, Kaldorian, Robinsonian, etc.). Second, and related to the first, the SSM model is a model of the long run and has to … of the rate of utilization. Fourth, the SSM model is a peculiar way to reach what Garegnani called the "Second Keynesian …

(Kaleckian, Kaldorian, Robinsonian, etc.). Second, and related to the first, the SSM model is a model of the long run and has to … of the rate of utilization. Fourth, the SSM model is a peculiar way to reach what Garegnani called the "Second Keynesian …

This paper examines the relationship between the distribution of income and capacity utilization in the context of the … Kaleckian model of growth and distribution. We provide an exposition of the underlying theory of wage- and profit-led growth. We …