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Time, Increasing Returns and Institutions in Macroeconomics

In: The Stock-Flow Consistent Approach

Author

Listed:
  • Wynne Godley

Abstract

Throughout my working life I have looked to Sylos Labini for inspiration, presuming to find an affinity with him in major lines of enquiry we have both pursued. I am thinking, most particularly, of his work on a series of related questions concerning the behaviour of firms under conditions of oligopoly, the well-attested practice of mark-up pricing and the meaning (if any) of the aggregate neoclassical production function.

Suggested Citation

  • Wynne Godley, 2012. "Time, Increasing Returns and Institutions in Macroeconomics," Palgrave Macmillan Books, in: Marc Lavoie & Gennaro Zezza (ed.), The Stock-Flow Consistent Approach, chapter 2, pages 39-61, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-35384-8_3
    DOI: 10.1057/9780230353848_3
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