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Cyclical Growth in a Kaldorian Model

In: Nicholas Kaldor and Mainstream Economics

Author

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  • P. Skott

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.

Suggested Citation

  • P. Skott, 1991. "Cyclical Growth in a Kaldorian Model," Palgrave Macmillan Books, in: Edward J. Nell & Willi Semmler (ed.), Nicholas Kaldor and Mainstream Economics, chapter 21, pages 379-394, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10947-0_21
    DOI: 10.1007/978-1-349-10947-0_21
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    Cited by:

    1. Dejuán, Óscar & McCombie, John S.L., 2018. "The Supermultiplier-Cum-Finance. Economic Limits of a Credit Driven System," Centro Sraffa Working Papers CSWP32, Centro di Ricerche e Documentazione "Piero Sraffa".
    2. Peter Flaschel, 2001. "Viability and Corridor Stability in Keynesian Supply-Driven Growth," Metroeconomica, Wiley Blackwell, vol. 52(1), pages 26-48, February.

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