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1. Introduction : the world economy in historical perspective -- 2. Economic growth and development : a very long … debates in economic history. The author examines the many controversies relating to the role of government in a modern economy …
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This paper investigates the dynamics of income distribution, private debt, and aggregate demand in the United States in the era before the Great Depression. Based on a post-Keynesian model, I estimate the effects of the wage share and private debt on aggregate demand for private domestic output....
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-Accelerating Digital Economy -- The Faster Accelerating Growth of the Knowledge-Based Society -- The Catch-Up Illusion: Why Developing …
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This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the US economy from … relatively stable postwar US economy, and also for the Great Depression and World War II. The models presented in this chapter …
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