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Time, Increasing Returns and Institutions in Macroeconomics

Wynne Godley

Chapter 2 in The Stock-Flow Consistent Approach, 2012, pp 39-61 from Palgrave Macmillan

Abstract: Abstract Throughout my working life I have looked to Sylos Labini for inspiration, presuming to find an affinity with him in major lines of enquiry we have both pursued. I am thinking, most particularly, of his work on a series of related questions concerning the behaviour of firms under conditions of oligopoly, the well-attested practice of mark-up pricing and the meaning (if any) of the aggregate neoclassical production function.

Keywords: Real Wage; Commercial Bank; Real Interest Rate; Portfolio Choice; Early View (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35384-8_3

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DOI: 10.1057/9780230353848_3

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