STEINDLIAN MODELS OF GROWTH AND STAGNATION

Peter Flaschel · Peter Skøtt

69 citations0/0 files storedMetroeconomica

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic Theory and Policy Political Economy and Marxism Economic Growth and Productivity

Abstract

ABSTRACT Following an analysis of the relation between a standard Steindlian model of stagnation and Steindl’s own analysis, we modify the standard model by introducing endogenous changes in the mark‐up and a reformulation of the investment function. These extensions, which address significant weaknesses of the standard model, find support in Steindl’s writing and leave intact some of Steindl’s key results. In a further extension, we add a labour market and analyse the stabilizing influence of a Marxian reserve‐army mechanism. The implications of the extended model for the effects of increased oligopolization are largely in line with Steindl’s predictions.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 69 citations exist upstream.

References

1990Unemployment and the real wage: the economic basis for contesting political ideologies 1943POLITICAL ASPECTS OF FULL EMPLOYMENT1 1966Causes of the slow rate of economic growth of the United Kingdom 1962Essays in the Theory of Economic Growth 1982A Growth Cycle 1969Theory of Economic Dynamics.1997The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains 1984Stagnation, income distribution and monopoly power

Cited by

2012An empirical evaluation of three post-Keynesian models 2021Macroeconomic implications of financialization 2012Cyclical growth in a Goodwin–Kalecki–Marx model 2017Autonomous demand, Harrodian instability and the supply side 2016Secular stagnation or stagnation policy? Steindl after Summers 2008Financialization in Kaleckian Economies with and without Labor Constraints

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.