The Consistent Path

David Laibman
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David Laibman: City University of New York

Chapter 7 in Capitalist Macrodynamics, 1997, pp 63-74 from Palgrave Macmillan

Abstract: Abstract The relationship between π and Q*, developed in the last chapter, is a crucial — and hitherto missing — ingredient in the full model of accumulation. We are now ready to sketch in the general shape of the accumulation path, laying the foundation for exploration of both cyclical and long-term crisis. To this end, we must now discuss four additional relationships, all of which have appeared in some form in the literature on economic growth.

Keywords: Unemployment Rate; Labor Supply; Capital Stock; Technical Change; Real Wage (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1057/9780230375345_7

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