The Long Period: Old and New Growth Models

Marc Lavoie

Chapter 5 in Introduction to Post-Keynesian Economics, 2006, pp 108-130 from Palgrave Macmillan

Abstract: Abstract As stated in Chapter 1, post-Keynesians are usually known for their models of growth and distribution, developed in 1956 by such Cambridge economists as Robinson and Kaldor. The main purpose of these early models was to explain the distribution of income, more specifically the profit rate, for a given growth rate, without falling back on the standard neoclassical theory of marginal productivity.

Keywords: Growth Model; Central Bank; Real Wage; Technical Progress; Aggregate Demand (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230626300_5

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