We study endogenous employment and distribution dynamics in a Post-Keynesian model of Kalecki-Steindl tradition. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish the reserve army of workers in struggle over income...

This paper analyzes the relationship between unemployment and growth, applying the seminal growth model of Aghion/Howitt (1992). We distinguish low skilled and high skilled labor and assume that a union bargains over the low skilled labor wage. This causes unemployment, but the growth effect is...

Arup Mitra is a professor of Economics at the Institute of Economic Growth, Delhi. His research interest include issues in the area of urban development, labour and welfare, industrial growth and productivity and gender inequality. He has published in a number of international and national...

The book presents a disequilibrium approach to employment, inflation and growth in modern macroeconomics. It integrates markets of products and money, and labor markets into a consistent macrodynamic framework which contains a complete set of agents and markets. The framework allows to establish...