Cyclical Growth in a Kaldorian Model

Peter Skott

Chapter 21 in Nicholas Kaldor and Mainstream Economics, 1991, pp 379-394 from Palgrave Macmillan

Abstract: Abstract Are there strong tendencies in laissez-faire capitalism toward steady growth at full employment? Are the causes of fluctuations in output and employment to be found outside the economic system or are they intrinsic to the system? The answer to these questions is fundamental to economics and more importantly, to almost all economic and political decision making.

Keywords: Capital Stock; Stylize Fact; Full Employment; Profit Share; Cyclical Fluctuation (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-10947-0_21

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