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Thomas Michl

Personal Details

First Name:Thomas
Middle Name:
Last Name:Michl
Suffix:
RePEc Short-ID:pmi742
[This author has chosen not to make the email address public]

Affiliation

Department of Economics
Colgate University

Hamilton, New York (United States)
http://www.colgate.edu/econ/

(315) 228-7533
(315) 228-7033
13 Oak Drive, Hamilton, NY 13346-1389
RePEc:edi:declgus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Michl, Thomas, 2016. "Hysteresis in a Three-Equation Model," Working Papers 2016-01, Department of Economics, Colgate University, revised 31 Aug 2016.
  2. Thomas R. Michl, 2010. "Falling into the Liquidity Trap: Notes on the Global Economic Crisis," Working Papers wp215, Political Economy Research Institute, University of Massachusetts at Amherst.
  3. Thomas R. Michl, 2008. "Discounting Nordhaus," Working Papers wp158, Political Economy Research Institute, University of Massachusetts at Amherst.
  4. Thomas R. Michl, 2006. "Tinbergen Rules the Taylor Rule," Economics Working Paper Archive wp_444, Levy Economics Institute.
  5. Thomas R. Michl & Duncan K. Foley, 2001. "Social Security in a Classical Growth Model," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2000-15, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  6. Thomas R. Michl, 1999. "Can Rescheduling Explain the New Jersey Minimum Wage Studies?," Economics Working Paper Archive wp_271, Levy Economics Institute.
  7. Thomas R. Michl, 1988. "Why Is The Rate of Profit Still Falling?," Economics Working Paper Archive wp_7, Levy Economics Institute.
  8. Thomas R. Michl, 1987. "Macroeconomic Profitability: Theory and Evidence," Economics Working Paper Archive wp_1, Levy Economics Institute.

Articles

  1. Thomas R. Michl, 2017. "Profit-led growth and the stock market," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(1), pages 61-77, January.
  2. Thomas R. Michl, 2016. "Capitalists, Workers and Thomas Piketty's," Review of Political Economy, Taylor & Francis Journals, vol. 28(2), pages 205-219, April.
  3. Thomas R. Michl, 2016. "Rentier Consumption and Neoliberal Capitalism," International Journal of Political Economy, Taylor & Francis Journals, vol. 45(3), pages 182-199, July.
  4. Michl, Thomas R., 2014. "Ben Fine and Alfredo Saad-Filho, eds. (with Marco Boffo), The Elgar Companion to Marxist Economics (Cheltenham, UK, and Northampton Mass.: Edward Elgar, 2012), pp. xiii, 419, $225 (hardcover), $55 (pa," Journal of the History of Economic Thought, Cambridge University Press, vol. 36(3), pages 396-399, September.
  5. Thomas R. Michl, 2014. "A fiscal paradox and post-Keynesian economics: a comment on Palley," Review of Keynesian Economics, Edward Elgar Publishing, vol. 2(1), pages 108-115, January.
  6. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.
  7. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
  8. Thomas Michl, 2008. "Rethinking Fiscal Policy," Challenge, Taylor & Francis Journals, vol. 51(6), pages 91-104.
  9. Thomas R Michl, 2008. "Tinbergen Rules the Taylor Rule," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 34(3), pages 293-309.
  10. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.
  11. Michl, Thomas R. & Foley, Duncan K., 2007. "Crossing Hubbert's peak: Portfolio effects in a growth model with exhaustible resources," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 212-230, June.
  12. Thomas R. Michl, 2006. "Comments on Cesaratto's 'Transition to fully funded pension schemes: a non-orthodox criticism'," Cambridge Journal of Economics, Oxford University Press, vol. 30(6), pages 981-984, November.
  13. Thomas Michl, 2006. "Capitalists, workers, and the burden of debt," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 449-467.
  14. Thomas R. Michl & Duncan K. Foley, 2004. "Social security in a Classical growth model," Cambridge Journal of Economics, Oxford University Press, vol. 28(1), pages 1-20, January.
  15. Thomas Michl, 2002. "Prefunding Is Still the Answer," Challenge, Taylor & Francis Journals, vol. 45(3), pages 112-116.
  16. Thomas R. Michl, 2002. "The Fossil Production Function in a Vintage Model," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 53-68, March.
  17. Thomas Michl, 2001. "Why We Should Fund Social Security Permanently," Challenge, Taylor & Francis Journals, vol. 44(6), pages 78-92.
  18. Duncan K. Foley & Thomas R. Michl, 2001. "The Production Function and Productivity: Comment," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 257-258, Summer.
  19. Jeffrey Baldani & Thomas R. Michl, 2000. "Technical Change and Profits: The Prisoner's Dilemma," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(1), pages 104-118, March.
  20. Thomas R. Michl, 2000. "Notes on the New Endogenous Growth Theory A Review of Philippe Aghion and Peter Howitt, Endogenous Growth Theory (Cambridge, MA, 1998: The MIT Press)," Metroeconomica, Wiley Blackwell, vol. 51(2), pages 182-190, May.
  21. Thomas R. Michl, 2000. "Can Rescheduling Explain the New Jersey Minimum Wage Studies?," Eastern Economic Journal, Eastern Economic Association, vol. 26(3), pages 265-276, Summer.
  22. Thomas Michl, 1999. "Biased Technical Change and the Aggregate Production Function," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 193-206.
  23. Thomas R. Michl & Christophre Georges, 1996. "Debt and Taxes in a Marxian Growth Model," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(3), pages 50-56, September.
  24. Thomas R. Michl, 1994. "Three Models of the Falling Rate of Profit," Review of Radical Political Economics, Union for Radical Political Economics, vol. 26(4), pages 55-75, December.
  25. Thomas R. Michl, 1992. "Capital and Labor Productivity," Review of Radical Political Economics, Union for Radical Political Economics, vol. 24(2), pages 45-50, June.
  26. Thomas R. Michl, 1991. "Debt, Deficits, and the Distribution of Income," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 13(3), pages 351-365, March.
  27. Michl, Thomas R, 1991. "Wage-Profit Curves in U.S. Manufacturing," Cambridge Journal of Economics, Oxford University Press, vol. 15(3), pages 271-286, September.
  28. Thomas R. Michl, 1988. "The Two-Stage Decline in U.S. Nonfinancial Corporate Profitability, 1948-1986," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(4), pages 1-22, December.
  29. Jeffrey P. Baldani & Thomas R. Michl, 1987. "A Balanced Budget Multiplier for Interest Payments," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 9(3), pages 424-439, March.
  30. Michl, Thomas R, 1987. "Is There Evidence for a Marginalist Demand for Labour?," Cambridge Journal of Economics, Oxford University Press, vol. 11(4), pages 361-373, December.
  31. Michl, Thomas R, 1986. "The Productivity Slowdown and the Elasticity of Demand for Labor," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 532-536, August.
  32. Thomas R. Michl, 1985. "International Comparisons of Productivity Growth: Verdoorn’s Law Revisited," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 7(4), pages 474-492, July.

Chapters

  1. Duncan K. Foley & Thomas R. Michl, 2010. "The Classical Theory of Growth and Distribution," Chapters, in: Mark Setterfield (ed.),Handbook of Alternative Theories of Economic Growth, chapter 2, Edward Elgar Publishing.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Michl, Thomas, 2016. "Hysteresis in a Three-Equation Model," Working Papers 2016-01, Department of Economics, Colgate University, revised 31 Aug 2016.

    Cited by:

    1. Hiroshi Nishi & Engelbert Stockhammer, 2019. "Demand and distribution regimes, output hysteresis, and cyclical dynamics in a Kaleckian model," Working Papers PKWP1902, Post Keynesian Economics Society (PKES).
    2. Engelbert Stockhammer, 2018. "Demand regimes, financialisation and hysteresis. New Keynesian and post-Keynesian macroeconomic underpinnings of the Varieties of Capitalism," Working Papers PKWP1809, Post Keynesian Economics Society (PKES).

  2. Thomas R. Michl, 2010. "Falling into the Liquidity Trap: Notes on the Global Economic Crisis," Working Papers wp215, Political Economy Research Institute, University of Massachusetts at Amherst.

    Cited by:

    1. Robert Pollin, 2012. "The great US liquidity trap of 2009–2011: are we stuck pushing on strings?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(0), pages 55-76.

  3. Thomas R. Michl, 2008. "Discounting Nordhaus," Working Papers wp158, Political Economy Research Institute, University of Massachusetts at Amherst.

    Cited by:

    1. Leila Davis & Peter Skott, 2011. "Positional goods, climate change and the social returns to investment," UMASS Amherst Economics Working Papers 2011-24, University of Massachusetts Amherst, Department of Economics.

  4. Thomas R. Michl, 2006. "Tinbergen Rules the Taylor Rule," Economics Working Paper Archive wp_444, Levy Economics Institute.

    Cited by:

    1. J.W. Mason & Arjun Jayadev, 2015. "Lost in Fiscal Space: Some Simple Analytics of Macroeconomic Policy in the Spirit of Tinbergen, Wicksell and Lerner," Working Papers 2015_05, University of Massachusetts Boston, Economics Department.
    2. Guillermo Gigliani, 2014. "The Reform of the Federal Reserve in 2008: Is the Money Supply Endogenous or Exogenous?," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(71), pages 73-94, December.
    3. Amitava Krishna Dutt, 2010. "Reconciling the Growth of Aggregate Demand and Aggregate Supply," Chapters, in: Mark Setterfield (ed.),Handbook of Alternative Theories of Economic Growth, chapter 11, Edward Elgar Publishing.
    4. Hiroaki Sasaki, 2016. "Increased Shareholder Power, Income Distribution, and Employment in a Neo-Kaleckian Model with Conflict Inflation," Discussion papers e-16-008, Graduate School of Economics , Kyoto University.
    5. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.

  5. Thomas R. Michl & Duncan K. Foley, 2001. "Social Security in a Classical Growth Model," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2000-15, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.

    Cited by:

    1. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2016. "Distributional Effects of Public Investment when Wealth and Classes are Back," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 603-629, July.
    2. Codrina Rada, 2012. "The Economics of Pensions. Remarks on Growth, Distribution and Class Conflict," Working Paper Series, Department of Economics, University of Utah 2012_02, University of Utah, Department of Economics.
    3. Rishabh Kumar, 2015. "Wealth accumulation and aggregate demand stagnation in a two class economy with applications to the United States," Working Papers 1526, New School for Social Research, Department of Economics.
    4. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
    5. Soon Ryoo, 2016. "Inequality of Income and Wealth in the Long Run: A Kaldorian Perspective," Metroeconomica, Wiley Blackwell, vol. 67(2), pages 429-457, May.
    6. Luca Zamparelli, 2017. "Wealth Distribution, Elasticity of Substitution and Piketty: An ‘Anti-Dual’ Pasinetti Economy," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 927-946, November.
    7. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2014. "Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior," CESifo Working Paper Series 4714, CESifo.
    8. Sergio Cesaratto, 2008. "The Macroeconomics of the Pension Fund Reform and the case of the TFR reform in Italy," Department of Economics University of Siena 549, Department of Economics, University of Siena.
    9. Daniele Tavani, 2013. "Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment," Journal of Economics, Springer, vol. 109(3), pages 207-244, July.
    10. Codrina Rada, 2009. "Introducing Demographic Changes in a Model of Economic Growth and Income Distribution," Working Paper Series, Department of Economics, University of Utah 2009_01, University of Utah, Department of Economics.
    11. Sasaki, Hiroaki, 2018. "Capital Accumulation and the Rate of Profit in a Two-Class Economy with Optimization Behavior," MPRA Paper 88362, University Library of Munich, Germany.

  6. Thomas R. Michl, 1999. "Can Rescheduling Explain the New Jersey Minimum Wage Studies?," Economics Working Paper Archive wp_271, Levy Economics Institute.

    Cited by:

    1. Sara lemos, 2004. "Political Variables as Instruments for the Minimum Wage," Discussion Papers in Economics 04/11, Division of Economics, School of Business, University of Leicester.
    2. Bossler, Mario & Gerner, Hans-Dieter, 2016. "Employment effects of the new German minimum wage: Evidence from establishment-level micro data," Annual Conference 2016 (Augsburg): Demographic Change 145926, Verein für Socialpolitik / German Economic Association.
    3. Koch, Andreas & Kirchmann, Andrea & Reiner, Marcel & Scheu, Tobias & Boockmann, Bernhard & Bonin, Holger, 2018. "Verhaltensmuster von Betrieben und Beschäftigten im Zuge der Einführung des gesetzlichen Mindestlohns," IZA Research Reports 84, Institute of Labor Economics (IZA).
    4. Mark B. Stewart & Joanna K. Swaffield, 2008. "The Other Margin: Do Minimum Wages Cause Working Hours Adjustments for Low‐Wage Workers?," Economica, London School of Economics and Political Science, vol. 75(297), pages 148-167, February.
    5. David Neumark & Mark Schweitzer & William Wascher, 2000. "The Effects of Minimum Wages Throughout the Wage Distribution," NBER Working Papers 7519, National Bureau of Economic Research, Inc.
    6. Michael Shannon, 2011. "The Employment Effects of Lower Minimum Wage Rates for Young Workers: Canadian Evidence," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 50(4), pages 629-655, October.
    7. Andreas Koch & Andrea Kirchmann & Marcel Reiner & Tobias Scheu & Holger Bonin, 2018. "Rather a trigger than a cause of change.Responses of firms and workers to the statutory minimum wage in Germany," IAW Discussion Papers 132, Institut für Angewandte Wirtschaftsforschung (IAW).
    8. David Neumark & Olena Nizalova, 2004. "Minimum Wage Effects in the Longer Run," PPIC Working Papers 2004.03, Public Policy Institute of California.
    9. Ross Doppelt, 2017. "Minimum Wages and Hours of Work," 2017 Meeting Papers 1578, Society for Economic Dynamics.
    10. David Neumark & William Wascher, 2006. "Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research," Working Papers 060708, University of California-Irvine, Department of Economics, revised Jan 2007.
    11. Saul D. Hoffman & Chenglong Ke, 2010. "Employment Effects of the 2009 Minimum Wage Increase: Evidence from State Comparisons of At-Risk Workers," Working Papers 10-07, University of Delaware, Department of Economics.
    12. Gonzalo Castex, 2013. "Aumento del Salario Mínimo y sus Efectos sobre el Mercado Laboral," Working Papers Central Bank of Chile 690, Central Bank of Chile.
    13. Sara Lemos, 2004. "A Menu of Minimum Wage Variables for Evaluating Wages and Employment Effects: Evidence from Brazil," Discussion Papers in Economics 04/3, Division of Economics, School of Business, University of Leicester.
    14. Mastracci, Sharon H. & Persky, Joseph J., 2008. "Effects of state minimum wage increases on employment, hours, and earnings of low-wage workers in Illinois," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(3), pages 1-11.
    15. Strobl, Eric & Walsh, Frank, 2011. "The ambiguous effect of minimum wages on hours," Labour Economics, Elsevier, vol. 18(2), pages 218-228, April.
    16. Koch, Andreas & Kirchmann, Andrea & Reiner, Marcel & Scheu, Tobias & Zühlke, Anne & Bonin, Holger, 2020. "Verhaltensmuster von Betrieben und Beschäftigten im Kontext des gesetzlichen Mindestlohns," IZA Research Reports 97, Institute of Labor Economics (IZA).
    17. John Schmitt, 2013. "Why Does the Minimum Wage Have No Discernible Effect on Employment?," CEPR Reports and Issue Briefs 2013-04, Center for Economic and Policy Research (CEPR).
    18. Lemos, Sara, 2004. "Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables?," IZA Discussion Papers 1070, Institute of Labor Economics (IZA).
    19. Anna Baranowska-Rataj & Iga Magda, 2015. "The impact of the minimum wage on job separations and working hours among young people in Poland," Working Papers 75, Institute of Statistics and Demography, Warsaw School of Economics.

  7. Thomas R. Michl, 1987. "Macroeconomic Profitability: Theory and Evidence," Economics Working Paper Archive wp_1, Levy Economics Institute.

    Cited by:

    1. Benigno, Pierpaolo & Woodford, Michael, 2012. "Linear-quadratic approximation of optimal policy problems," Journal of Economic Theory, Elsevier, vol. 147(1), pages 1-42.
    2. Eric M. Leeper & Tao Zha, 2001. "Assessing simple policy rules: A view from a complete macroeconomic model," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q4), pages 35-58.
    3. Arturo Estrella, 2007. "Extracting business cycle fluctuations: what do time series filters really do?," Staff Reports 289, Federal Reserve Bank of New York.
    4. Carlos Esteban Posada, 1997. "Otro Costo De Una Inflación Perfectamente Prevista," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República - ESPE, vol. 16(31), pages 5-33, June.
    5. Robert Amano & Tony S. Wirjanto, "undated". "The Dynamic Behaviour of Canadian Imports and the Linear-Quadratic Model: Evidence Based on the Euler Equation," Staff Working Papers 94-6, Bank of Canada.
    6. Richard Jenner, 2004. "Real Wages, Business Cycles and New Production Patterns," Small Business Economics, Springer, vol. 23(5), pages 441-452, November.
    7. Smith, Gregor W., 2009. "Pooling forecasts in linear rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 33(11), pages 1858-1866, November.
    8. Carlos Esteban Posada, 1997. "Una Presentación Gráfica De La Nueva Teoría De La Política Anti-Inflacionaria Y El Caso Colombiano," BORRADORES DE ECONOMIA 003719, BANCO DE LA REPÚBLICA.
    9. Guay, A & St-Amant, P, 1996. "Do Mechanical Filters Provide a Good Approximation of Business Cycles?," Working Papers-Department of Finance Canada 1996-2, Department of Finance Canada.
    10. K. Vela Velupillai, 2008. "The Mathematization of Macroeconomics: A Recursive Revolution," Department of Economics Working Papers 0807, Department of Economics, University of Trento, Italia.
    11. James J. McAndrews & William Roberds, 1997. "A general equilibrium analysis of check float," FRB Atlanta Working Paper 97-4, Federal Reserve Bank of Atlanta.

Articles

  1. Thomas R. Michl, 2017. "Profit-led growth and the stock market," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(1), pages 61-77, January.

    Cited by:

    1. Luke Petach & Daniele Tavani, 2020. "Income shares, secular stagnation and the long‐run distribution of wealth," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 235-255, February.
    2. Daniele Tavani & Luke Petach, 2019. "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Working Papers PKWP1903, Post Keynesian Economics Society (PKES).
    3. Daniele Tavani & Luke Petach, 2018. "No one is alone: Strategic complementarities, capacity utilization, growth, and distribution," FMM Working Paper 19-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

  2. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.

    Cited by:

    1. Piero Ferri & Fabio Tramontana, 2018. "Debt Persistence in a Deflationary Environment: A Regime-Switching Model," Computational Economics, Springer;Society for Computational Economics, vol. 52(2), pages 421-442, August.
    2. Skott, Peter & Ryoo, Soon, 2015. "Functional finance and intergenerational distribution in a Keynesian OLG model," UMASS Amherst Economics Working Papers 2015-13, University of Massachusetts Amherst, Department of Economics.

  3. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
    See citations under working paper version above.
  4. Thomas R Michl, 2008. "Tinbergen Rules the Taylor Rule," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 34(3), pages 293-309.
    See citations under working paper version above.
  5. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.

    Cited by:

    1. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2016. "Distributional Effects of Public Investment when Wealth and Classes are Back," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 603-629, July.
    2. Luca Zamparelli, 2017. "Wealth Distribution, Elasticity of Substitution and Piketty: An ‘Anti-Dual’ Pasinetti Economy," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 927-946, November.

  6. Michl, Thomas R. & Foley, Duncan K., 2007. "Crossing Hubbert's peak: Portfolio effects in a growth model with exhaustible resources," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 212-230, June.

    Cited by:

    1. Jean-Francois Mercure & Pablo Salas, 2012. "On the global economic potentials and marginal costs of non-renewable resources and the price of energy commodities," Papers 1209.0708, arXiv.org, revised Jul 2013.
    2. Heinrich, Torsten, 2014. "Resource Depletion, Growth, Collapse, and the Measurement of Capital," MPRA Paper 54044, University Library of Munich, Germany.

  7. Thomas R. Michl, 2006. "Comments on Cesaratto's 'Transition to fully funded pension schemes: a non-orthodox criticism'," Cambridge Journal of Economics, Oxford University Press, vol. 30(6), pages 981-984, November.

    Cited by:

    1. Sergio Cesaratto, 2008. "The Macroeconomics of the Pension Fund Reform and the case of the TFR reform in Italy," Department of Economics University of Siena 549, Department of Economics, University of Siena.
    2. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.

  8. Thomas Michl, 2006. "Capitalists, workers, and the burden of debt," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 449-467.

    Cited by:

    1. Daniele Tavani & Luca Zamparelli, 2014. "Public Goods, Redistribution, and Growth: A Classical Model," Working Papers 10/14, Sapienza University of Rome, DISS.
    2. Hager, Sandy Brian, 2013. "Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157991, October.

  9. Thomas R. Michl & Duncan K. Foley, 2004. "Social security in a Classical growth model," Cambridge Journal of Economics, Oxford University Press, vol. 28(1), pages 1-20, January.
    See citations under working paper version above.
  10. Thomas R. Michl, 2002. "The Fossil Production Function in a Vintage Model," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 53-68, March.

    Cited by:

    1. Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change in Alternative Theories of Growth and Distribution," Working Papers 1/17, Sapienza University of Rome, DISS.
    2. Deepankar Basu, 2017. "Quantitative Empirical Research In Marxist Political Economy: A Selective Review," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1359-1386, December.
    3. Marwil J. Dávila-Fernández, 2018. "Alternative Approaches to Technological Change when Growth is BoPC," Department of Economics University of Siena 795, Department of Economics, University of Siena.

  11. Duncan K. Foley & Thomas R. Michl, 2001. "The Production Function and Productivity: Comment," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 257-258, Summer.

    Cited by:

  12. Thomas R. Michl, 2000. "Notes on the New Endogenous Growth Theory A Review of Philippe Aghion and Peter Howitt, Endogenous Growth Theory (Cambridge, MA, 1998: The MIT Press)," Metroeconomica, Wiley Blackwell, vol. 51(2), pages 182-190, May.

    Cited by:

    1. Corinne Autant-Bernard & Carolina Guevara, 2015. "Technological interdependence between South American countries: a spatial panel data growth model," Post-Print halshs-00949842, HAL.

  13. Thomas R. Michl, 2000. "Can Rescheduling Explain the New Jersey Minimum Wage Studies?," Eastern Economic Journal, Eastern Economic Association, vol. 26(3), pages 265-276, Summer.
    See citations under working paper version above.
  14. Thomas Michl, 1999. "Biased Technical Change and the Aggregate Production Function," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 193-206.

    Cited by:

    1. Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change in Alternative Theories of Growth and Distribution," Working Papers 1/17, Sapienza University of Rome, DISS.
    2. Anwar Shaikh, 2005. "Nonlinear Dynamics and Pseudo-Production Functions," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 447-466, Summer.
    3. Deepankar Basu, 2017. "Quantitative Empirical Research In Marxist Political Economy: A Selective Review," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1359-1386, December.
    4. Pi, Jiancai & Zhang, Pengqing, 2018. "Structural change and wage inequality," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 699-707.
    5. Foley, Duncan K., 2003. "Endogenous technical change with externalities in a classical growth model," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 167-189, October.
    6. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
    7. Luca Zamparelli, 2011. "Induced Innovation, Endogenous Growth, and Income Distribution: a Model along Classical Lines," Working Papers CELEG 1102, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    8. Joao Paulo A. de Souza, 2014. "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies," UMASS Amherst Economics Working Papers 2014-03, University of Massachusetts Amherst, Department of Economics.
    9. Lee, Chien-Chiang & Chang, Chun-Ping, 2008. "Energy consumption and economic growth in Asian economies: A more comprehensive analysis using panel data," Resource and Energy Economics, Elsevier, vol. 30(1), pages 50-65, January.
    10. Ali Raza Cheema & Attiya Yasmin Javid, 2015. "The Relationship between Disaggregate Energy Consumption, Economic Growth and Environment for Asian Developing Economies," PIDE-Working Papers 2015:115, Pakistan Institute of Development Economics.
    11. Dumenil, Gerard & Levy, Dominique, 2003. "Technology and distribution: historical trajectories a la Marx," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 201-233, October.
    12. zamparelli, luca, 2008. "Direction and intensity of technical change: a micro-founded growth model," MPRA Paper 10843, University Library of Munich, Germany.
    13. Luca Zamparelli, 2009. "Direction and Intensity of Technical Change: a Micro Model," Working Papers 4, Doctoral School of Economics, Sapienza University of Rome.
    14. Daniele Tavani, 2013. "Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment," Journal of Economics, Springer, vol. 109(3), pages 207-244, July.
    15. Fabrizio Ferretti, 2008. "Patterns of technical change: a geometrical analysis using the wage-profit rate schedule," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(5), pages 565-583.
    16. Joao Paulo A. de Souza, 2017. "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(2), pages 151-172, March.
    17. Luiza Nassif Pires, 2020. "Notes on Intersectional Political Economy: The Long Period Method, Technical Change, and Gender," Economics Working Paper Archive wp_957, Levy Economics Institute.

  15. Thomas R. Michl & Christophre Georges, 1996. "Debt and Taxes in a Marxian Growth Model," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(3), pages 50-56, September.

    Cited by:

    1. Thomas Michl, 2006. "Capitalists, workers, and the burden of debt," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 449-467.
    2. Hager, Sandy Brian, 2013. "Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157991, October.
    3. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.

  16. Thomas R. Michl, 1994. "Three Models of the Falling Rate of Profit," Review of Radical Political Economics, Union for Radical Political Economics, vol. 26(4), pages 55-75, December.

    Cited by:

    1. Howard Petith, 2006. "Land, Technical Progress and the Falling Rate of Profit," UFAE and IAE Working Papers 667.06, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

  17. Thomas R. Michl, 1992. "Capital and Labor Productivity," Review of Radical Political Economics, Union for Radical Political Economics, vol. 24(2), pages 45-50, June.

    Cited by:

    1. Sangjun Jeong, 2017. "Biased Technical Change and Economic Growth: The Case of Korea, 1970–2013," Research in Political Economy, in: Masao Ishikura & Seongjin Jeong & Minqi Li (ed.),Return of Marxian Macro-Dynamics in East Asia, volume 32, pages 81-103, Emerald Publishing Ltd.

  18. Thomas R. Michl, 1991. "Debt, Deficits, and the Distribution of Income," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 13(3), pages 351-365, March.

    Cited by:

    1. Arbogast, Tobias, 2020. "Who are these bond vigilantes anyway? The political economy of sovereign debt ownership in the eurozone," MPIfG Discussion Paper 20/2, Max Planck Institute for the Study of Societies.
    2. Hager, Sandy Brian, 2014. "What Happened to the Bondholding Class? Public Debt, Power and the Top One Per Cent (Preprint)," EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 155-182.
    3. Hager, Sandy Brian, 2013. "Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157991, October.
    4. Hager, Sandy Brian, 2016. "Public Debt, Inequality and Power. The Making of a Modern Debt State," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157976.

  19. Michl, Thomas R, 1991. "Wage-Profit Curves in U.S. Manufacturing," Cambridge Journal of Economics, Oxford University Press, vol. 15(3), pages 271-286, September.

    Cited by:

    1. Alberto Benítez Sánchez. & Alejandro Benítez Sánchez., 2012. "Upper and Lower Bounds for Capital and Wages," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 37(2), pages 11-32, Julio-Dic.
    2. Thomas Michl, 1999. "Biased Technical Change and the Aggregate Production Function," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 193-206.
    3. Strohmaier, R. & Rainer, A., 2016. "Studying general purpose technologies in a multi-sector framework: The case of ICT in Denmark," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 34-49.
    4. Andrea Vaona, 2010. "Profit rate dynamics, income distribution, structural and technical change in Denmark, Finland and Italy," Working Papers 11/2010, University of Verona, Department of Economics.

  20. Thomas R. Michl, 1988. "The Two-Stage Decline in U.S. Nonfinancial Corporate Profitability, 1948-1986," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(4), pages 1-22, December.

    Cited by:

    1. Deepankar Basu & Ying Chen & Jong-seok Oh, 2013. "Class struggle and economic fluctuations: VAR analysis of the post-war US economy," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(5), pages 575-596, September.
    2. Deepankar Basu & Ramaa Vasudevan, 2011. "Technology, Distribution and the Rate of Profit in the US Economy: Understanding the Current Crisis," UMASS Amherst Economics Working Papers 2011-32, University of Massachusetts Amherst, Department of Economics.
    3. Deepankar Basu, 2017. "Quantitative Empirical Research In Marxist Political Economy: A Selective Review," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1359-1386, December.
    4. Basu, Deepankar, 2015. "A Selective Review of Recent Quantitative Empirical Research in Marxist Political Economy," UMASS Amherst Economics Working Papers 2015-05, University of Massachusetts Amherst, Department of Economics.
    5. Edward N. Wolff, 2000. "What's Behind the Recent Rise in Profitablity?," Economics Working Paper Archive wp_297, Levy Economics Institute.
    6. Basu, Deepankar & Das, Debarshi, 2015. "Profitability in India’s Organized Manufacturing Sector: The Role of Technology, Distribution, and Demand," UMASS Amherst Economics Working Papers 2015-04, University of Massachusetts Amherst, Department of Economics.
    7. Adem Y. Elveren & Sara Hsu, 2016. "Military Expenditures and Profit Rates: Evidence from OECD Countries," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 551-577, July.
    8. Trofimov, Ivan D., 2018. "The secular decline in profit rates: time series analysis of a classical hypothesis," MPRA Paper 88248, University Library of Munich, Germany.

  21. Jeffrey P. Baldani & Thomas R. Michl, 1987. "A Balanced Budget Multiplier for Interest Payments," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 9(3), pages 424-439, March.

    Cited by:

    1. Thomas Michl, 2006. "Capitalists, workers, and the burden of debt," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 449-467.

  22. Michl, Thomas R, 1987. "Is There Evidence for a Marginalist Demand for Labour?," Cambridge Journal of Economics, Oxford University Press, vol. 11(4), pages 361-373, December.

    Cited by:

    1. Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change in Alternative Theories of Growth and Distribution," Working Papers 1/17, Sapienza University of Rome, DISS.
    2. Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975.

  23. Michl, Thomas R, 1986. "The Productivity Slowdown and the Elasticity of Demand for Labor," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 532-536, August.

    Cited by:

    1. Wollmer, F.J. & Butter, F.A.G. den & Hassink, W.H.J., 1991. "Technical progress, endogenous growth and labour productivity : a survey," Serie Research Memoranda 0075, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

  24. Thomas R. Michl, 1985. "International Comparisons of Productivity Growth: Verdoorn’s Law Revisited," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 7(4), pages 474-492, July.

    Cited by:

    1. Pascal Petit & Gabriel Tahar, 1989. "Effets productivité et qualité de l'automatisation : une approche macro-économique," Revue Économique, Programme National Persée, vol. 40(1), pages 35-54.
    2. Nancy J. Wulwick, 1989. "What Remains of the Growth Controversy?," Economics Working Paper Archive wp_33, Levy Economics Institute.
    3. Gisela Di Meglio & Jorge Gallego & Andrés Maroto & Maria Savona, 2015. "Services in Developing Economies: A new chance for catching-up?," SPRU Working Paper Series 2015-32, SPRU - Science Policy Research Unit, University of Sussex Business School.
    4. Deepankar Basu1, Duncan K. Foley, 2011. "WP 2011-4 Dynamics of Output and Employment in the U.S. Economy," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2011-4, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    5. Pasquale Tridico & Riccardo Pariboni, 2018. "Inequality, financialization, and economic decline," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 41(2), pages 236-259, April.
    6. John S. L. McCombie & Mark Roberts, 2007. "Returns To Scale And Regional Growth: The Static-Dynamic Verdoorn Law Paradox Revisited," Journal of Regional Science, Wiley Blackwell, vol. 47(2), pages 179-208, May.
    7. Ute Pieper, 2003. "Sectoral regularities of productivity growth in developing countries--a Kaldorian interpretation," Cambridge Journal of Economics, Oxford University Press, vol. 27(6), pages 831-850, November.
    8. Miguel Leon-Ledesma & Anthony P. Thirlwall, 2000. "Is the natural rate of growth exogenous?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 433-445.
    9. Pieper, Ute, 2000. "Sectoral regularities of productivity growth in developing countries - A Kaldorian interpretation," Research Memorandum 030, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    10. Deepankar Basu & Duncan K. Foley, 2013. "Dynamics of output and employment in the US economy," Cambridge Journal of Economics, Oxford University Press, vol. 37(5), pages 1077-1106.
    11. Luca Cappellani & Stefano Prezioso & Stefano Rosignoli, 2017. "Una valutazione territoriale degli effetti macroeconomici del "Piano nazionale Industria 4.0"," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2017(2), pages 59-91.
    12. Steven Fazzari & Piero Ferri & AnnaMaria Variato, 2018. "Demand-led growth and accommodating supply," FMM Working Paper 15-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    13. Ferdinando Ofria, 2009. "L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)," Rivista di Politica Economica, SIPI Spa, issue 1, pages 179-207, January-M.
    14. Nicholas Apergis & Spyros Zikos, 2003. "The Law of Verdoorn: Evidence from Greek Disaggregated Manufacturing Time Series Data," The Economic and Social Review, Economic and Social Studies, vol. 34(1), pages 87-104.

Chapters

  1. Duncan K. Foley & Thomas R. Michl, 2010. "The Classical Theory of Growth and Distribution," Chapters, in: Mark Setterfield (ed.),Handbook of Alternative Theories of Economic Growth, chapter 2, Edward Elgar Publishing.

    Cited by:

    1. Tomasz Tokarski & Anna Zachorowska-Mazurkiewicz, 2016. "Kłopoty z marginalną teorią podziału Clarka," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 6, pages 23-42.
    2. Setterfield, Mark, 2011. "Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    3. Joan R. Rovira, 2015. "Piketty on Growth and Distribution," Hacienda Pública Española / Review of Public Economics, IEF, vol. 214(3), pages 91-114, September.

More information

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NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 5 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-LAB: Labour Economics (2) 2002-09-21 2016-10-02
  2. NEP-MAC: Macroeconomics (2) 2006-03-18 2016-10-02
  3. NEP-MON: Monetary Economics (2) 2006-03-18 2010-01-23
  4. NEP-CBA: Central Banking (1) 2006-03-18
  5. NEP-DGE: Dynamic General Equilibrium (1) 2002-09-21
  6. NEP-HPE: History & Philosophy of Economics (1) 2008-05-10
  7. NEP-PKE: Post Keynesian Economics (1) 2008-05-10

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