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blocks of which would be Kalecki's theory, and which would take into account the present-day financialization. With Łaski … extend Kaleckian theory to link the real economy sector more tightly with its financial sector. The paper argues that for an …
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The KMG growth dynamics in Chiarella and Flaschel (2000) assume that wages, prices and quantities adjust sluggishly to disequilibria in labor and goods markets. This paper modifies the KMG model by introducing Steindlian features of capital accumulation and income distribution. The resulting...
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