Showing 41 - 50 of 454
Persistent link: https://www.econbiz.de/10014383586
the natural accumulation of capital to be realized in a capitalistic context, where profit rates tend to be uniform. …
Persistent link: https://www.econbiz.de/10005000670
Persistent link: https://www.econbiz.de/10010574985
This paper reconstructs the essential traits of Garegnani's thought on the theory of distribution. In particular, it … characteristic which was a constant of Garegnani's activity – that is, his attention to concrete economic phenomena and the search …. These two traits of Garegnani's work are traceable since his first contributions to economic theory – namely, from his …
Persistent link: https://www.econbiz.de/10011133478
The surplus approach of classical political economy is applied to the problem of qualitative change in the social provisioning as concerns the Pacific Northwest. Two features of the surplus approach, 1) emphasis on structural interdependence and 2) the Sraffian notion of ‘viability’, allow...
Persistent link: https://www.econbiz.de/10011111526
The community of heterodox economists has lost Fred Lee, one of its fervent leaders, who has been at the center of the heterodox movement for the past three decades. The paper delineates Fred Lee’s wide-ranging contributions to heterodox economics focusing on the making of the history and...
Persistent link: https://www.econbiz.de/10011201287
The formal representation of economic theories normally takes the form of a model, that is, a system of equations which connect the endogenous variables with the values of the parameters which are taken as given. Sometimes, it is possible to identify one or more equations which are able to...
Persistent link: https://www.econbiz.de/10011258136
The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...
Persistent link: https://www.econbiz.de/10011381299
This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and some limited amount of work is enjoyable. Whereas introducing each assumption without the other one does not produce novel insights, combining them together does if the wage...
Persistent link: https://www.econbiz.de/10011653236
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037