Bob Solow on rents and decoupling of productivity and wages -- Branko Milanovic discussing Solow's recent ideas on the political element in distribution. Pablo Bortz suggested the post, but I must note that it falls short of understanding the limitations of the marginalist approach. My views are closer to Pivetti's Sraffian monetary theory of distribution.
Sunday, May 3, 2015
On the blogs
The 4th Godley-Tobin Lecture given by Marc Lavoie, a co-author of Wynne Godley, and one of the leading Post Keynesian authors.
Fields, David (Forthcoming), “Classical Dichotomy,” Edward Elgar Encyclopedia on Central Banking , edited by L.P. Rochon et...
Jessica Finnamore (Guest blogger) Heterodox economics refers to any school of thought which is not accepted by the economic mainstream, or...
Teaching on the capital debates this and last week. So here are some thoughts, based on my class notes and the required readings (see below)...