We show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model …

A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with …. The implications for growth and distribution depend on how the model is closed: (iv) with a distributive closure …, equilibrium growth and profitability are both strictly below their socially-coordinated counterpart; (v) with an exogenous labor …

A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with …. The implications for growth and distribution depend on how the model is closed: (iv) with a distributive closure …, equilibrium growth and profitability are both strictly below their socially-coordinated counterpart; (v) with an exogenous labor …

This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for … utilization. The results obtained show that potential output growth exhibits a gradual decline that predates the Great Recession …-run relationship between income distribution and output growth in the USA. …

This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for … utilization. The results obtained show that potential output growth exhibits a gradual decline that predates the Great Recession …-run relationship between income distribution and output growth in the USA. …

Unlike Stiglitz, we show that an inegalitarian long run equilibrium can emerge in a Solow growth model framework …

A feature of Kaleckian models of distribution and growth that is often overlooked is that they describe a nonlinear … relation between functional income distribution and demand and growth, because the size of the multiplier is affected by …

role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …

In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …