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Thomas Michl

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First Name:Thomas
Middle Name:
Last Name:Michl
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RePEc Short-ID:pmi742
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Affiliation

Department of Economics
Colgate University

Hamilton, New York (United States)
http://www.colgate.edu/econ/
RePEc:edi:declgus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Davis, Leila & Michl, Thomas R., 2024. "The inverted yield curve in a 3-equation model," Working Papers 2024-01, Department of Economics, Colgate University.
  2. Michl, Thomas R., 2023. "The falling rate of profit as a research program," Working Papers 2023-02, Department of Economics, Colgate University.
  3. Michl, Thomas R., 2023. "Optimal Disinflation and Reflation," Working Papers 2023-01, Department of Economics, Colgate University.
  4. Michl, Thomas R., 2023. "Inflation stabilization and normal utilization," Working Papers 2023-03, Department of Economics, Colgate University.
  5. Thomas R. Michl & Hyun Woong Park, 2021. "Shadow Banks and the Collateral Multiplier," UMASS Amherst Economics Working Papers 2021-12, University of Massachusetts Amherst, Department of Economics.
  6. Michl, Thomas & Oliver, Kayla, 2017. "Combating Hysteresis With Output Targeting," Working Papers 2017-06, Department of Economics, Colgate University, revised 24 Nov 2017.
  7. Michl, Thomas, 2016. "Hysteresis in a Three-Equation Model," Working Papers 2016-01, Department of Economics, Colgate University, revised 31 Aug 2016.
  8. 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.
  9. Thomas R. Michl, 2008. "Discounting Nordhaus," Working Papers wp158, Political Economy Research Institute, University of Massachusetts at Amherst.
  10. Thomas R. Michl, 2006. "Tinbergen Rules the Taylor Rule," Economics Working Paper Archive wp_444, Levy Economics Institute.
  11. Thomas R. Michl & Duncan K. Foley, 2001. "Social Security in a Classical Growth Model," SCEPA working paper series. 2000-15, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  12. Thomas R. Michl, 1999. "Can Rescheduling Explain the New Jersey Minimum Wage Studies?," Economics Working Paper Archive wp_271, Levy Economics Institute.
  13. Thomas R. Michl, 1988. "Why Is The Rate of Profit Still Falling?," Economics Working Paper Archive wp_7, Levy Economics Institute.
  14. Thomas R. Michl, 1987. "Macroeconomic Profitability: Theory and Evidence," Economics Working Paper Archive wp_1, Levy Economics Institute.

Articles

  1. Thomas R. Michl, 2024. "The Logic of Capital: An Introduction to Marxist Economic Theory," Review of Political Economy, Taylor & Francis Journals, vol. 36(1), pages 373-376, January.
  2. Thomas Michl & Hyun Woong Park, 2023. "Shadow Banks and the Collateral Multiplier," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(2), pages 156-175, April.
  3. Thomas R. Michl, 2023. "Asset market closure and the neo-Pasinetti theorem," Review of Keynesian Economics, Edward Elgar Publishing, vol. 11(1), pages 100–104-1, January.
  4. Thomas R Michl & Daniele Tavani, 2022. "Path dependence and stagnation in a classical growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(1), pages 195-218.
  5. Thomas R. Michl, 2021. "Notes on Covid-19, Potential GDP, and Hysteresis," Review of Political Economy, Taylor & Francis Journals, vol. 33(3), pages 480-486, July.
  6. Thomas R. Michl & Kayla M. Oliver, 2019. "Combating hysteresis with output targeting," Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(1), pages 6-27, January.
  7. Thomas R. Michl, 2018. "Hysteresis in a Three-Equation Model," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(2), pages 305-322, April.
  8. 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.
  9. Thomas R. Michl, 2016. "Capitalists, Workers and Thomas Piketty's," Review of Political Economy, Taylor & Francis Journals, vol. 28(2), pages 205-219, April.
  10. Thomas R. Michl, 2016. "Rentier Consumption and Neoliberal Capitalism," International Journal of Political Economy, Taylor & Francis Journals, vol. 45(3), pages 182-199, July.
  11. 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.
  12. 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.
  13. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.
  14. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
  15. Thomas Michl, 2008. "Rethinking Fiscal Policy," Challenge, Taylor & Francis Journals, vol. 51(6), pages 91-104.
  16. Thomas R Michl, 2008. "Tinbergen Rules the Taylor Rule," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 34(3), pages 293-309.
  17. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.
  18. 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.
  19. Thomas R. Michl, 2006. "Comments on Cesaratto's 'Transition to fully funded pension schemes: a non-orthodox criticism'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(6), pages 981-984, November.
  20. Thomas Michl, 2006. "Capitalists, workers, and the burden of debt," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 449-467.
  21. Thomas R. Michl & Duncan K. Foley, 2004. "Social security in a Classical growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(1), pages 1-20, January.
  22. Thomas Michl, 2002. "Prefunding Is Still the Answer," Challenge, Taylor & Francis Journals, vol. 45(3), pages 112-116.
  23. Thomas R. Michl, 2002. "The Fossil Production Function in a Vintage Model," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 53-68, March.
  24. Thomas Michl, 2001. "Why We Should Fund Social Security Permanently," Challenge, Taylor & Francis Journals, vol. 44(6), pages 78-92.
  25. 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.
  26. 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.
  27. 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.
  28. 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.
  29. 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.
  30. 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.
  31. 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.
  32. 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.
  33. 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.
  34. Michl, Thomas R, 1991. "Wage-Profit Curves in U.S. Manufacturing," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 15(3), pages 271-286, September.
  35. 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.
  36. 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.
  37. Michl, Thomas R, 1987. "Is There Evidence for a Marginalist Demand for Labour?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 11(4), pages 361-373, December.
  38. 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.
  39. 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.
  2. Thomas Michl, 1993. "Adam Smith and the New Economics of Effort," Palgrave Macmillan Books, in: Ron Blackwell & Jaspal Chatha & Edward J. Nell (ed.), Economics as Worldly Philosophy, chapter 12, pages 322-334, Palgrave Macmillan.
  3. Thomas R. Michl, 1992. "Why is the Rate of Profit Still So Low?," Palgrave Macmillan Books, in: Profits, Deficits and Instability, chapter 4, pages 40-59, Palgrave Macmillan.

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 & Oliver, Kayla, 2017. "Combating Hysteresis With Output Targeting," Working Papers 2017-06, Department of Economics, Colgate University, revised 24 Nov 2017.

    Cited by:

    1. Daniele Tavani & Luke Petach, 2021. "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Journal of Evolutionary Economics, Springer, vol. 31(2), pages 353-377, April.
    2. Robert Calvert Jump & Paul Levine, 2021. "Hysteresis in the New Keynesian three equation model," School of Economics Discussion Papers 0821, School of Economics, University of Surrey.
    3. Dávila-Ospina, Andrés O., 2023. "Hysteresis From Monetary Policy Mistakes: How Bad Could It Be?," Documentos CEDE 21003, Universidad de los Andes, Facultad de Economía, CEDE.

  2. 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. Engelbert Stockhammer & Rob Calvert Jump, 2022. "An Estimation of Unemployment Hysteresis," Working Papers PKWP2221, Post Keynesian Economics Society (PKES).
    2. 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).
    3. 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).
    4. Emiliano Libman, 2019. "Destabilizing Balance Sheet Effects in the New Consensus Model," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 45(4), pages 590-611, October.
    5. Nishi, Hiroshi & Stockhammer, Engelbert, 2020. "Distribution shocks in a Kaleckian model with hysteresis and monetary policy," Economic Modelling, Elsevier, vol. 90(C), pages 465-479.

  3. 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.

  4. 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.

  5. 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. 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.
    3. 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.
    4. Thomas R. Michl, 2013. "Public debt, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 120-144, January.

  6. Thomas R. Michl & Duncan K. Foley, 2001. "Social Security in a Classical Growth Model," SCEPA working paper series. 2000-15, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.

    Cited by:

    1. Michalis Nikiforos, 2021. "The Endogeneity-to-Demand of the National Emergency Utilization Rate," Economics Working Paper Archive wp_989, Levy Economics Institute.
    2. Sasaki, Hiroaki, 2021. "Automation Technology, Economic Growth, and Income Distribution in an Economy with Dynasties and Overlapping Generations," MPRA Paper 105446, University Library of Munich, Germany.
    3. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.
    4. 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.
    5. Carlos Patrick Alves da Silva & Claudio Alberto Castelo Branco Puty & Marcelino Silva da Silva & Solon Venâncio de Carvalho & Carlos Renato Lisboa Francês, 2017. "Financial forecasts accuracy in Brazil’s social security system," PLOS ONE, Public Library of Science, vol. 12(8), pages 1-20, August.
    6. 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.
    7. 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.
    8. Kazuhiro Kurose, 2022. "A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 239-270, April.
    9. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
    10. 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.
    11. 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.
    12. 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.
    13. Hiroaki Sasaki, 2022. "Growth and income distribution in an economy with dynasties and overlapping generations," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 215-238, April.
    14. 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.
    15. 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.
    16. 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.
    17. 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.
    18. Sasaki, Hiroaki & Hagiwara, Takefumi & Pham, Huong & Fukatani, Noriki & Ogawa, Shogo & Okahara, Naoto, 2021. "How Does Automation Affect Economic Growth and Income Distribution in a Two-Class Economy?," MPRA Paper 106481, University Library of Munich, Germany.
    19. 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.

  7. 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," VfS 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. Burauel Patrick & Grabka Markus M. & Schröder Carsten & Caliendo Marco & Obst Cosima & Preuss Malte, 2020. "The Impact of the Minimum Wage on Working Hours," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 240(2-3), pages 233-267, April.
    8. Loukas Karabarbounis & Jeremy Lise & Anusha Nath, 2022. "Minimum Wages and Labor Markets in the Twin Cities," Working Papers 793, Federal Reserve Bank of Minneapolis.
    9. 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).
    10. Lemos, Sara, 2004. "A Menu of Minimum Wage Variables for Evaluating Wages and Employment Effects: Evidence from Brazil," IZA Discussion Papers 1069, Institute of Labor Economics (IZA).
    11. David Neumark & Olena Nizalova, 2004. "Minimum Wage Effects in the Longer Run," PPIC Working Papers 2004.03, Public Policy Institute of California.
    12. Ross Doppelt, 2017. "Minimum Wages and Hours of Work," 2017 Meeting Papers 1578, Society for Economic Dynamics.
    13. Young Cheol Jung & Adian McFarlane & Anupam Das, 2021. "The effect of minimum wages on consumption in Canada," The Economic and Labour Relations Review, , vol. 32(1), pages 65-89, March.
    14. 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.
    15. 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.
    16. 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.
    17. 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.
    18. Strobl, Eric & Walsh, Frank, 2011. "The ambiguous effect of minimum wages on hours," Labour Economics, Elsevier, vol. 18(2), pages 218-228, April.
    19. 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).
    20. David Neumark & Peter Shirley, 2022. "Myth or measurement: What does the new minimum wage research say about minimum wages and job loss in the United States?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(4), pages 384-417, October.
    21. 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).
    22. Lemos, Sara, 2004. "Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables?," IZA Discussion Papers 1070, Institute of Labor Economics (IZA).
    23. 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.
    24. David Neumark & Peter Shirley, 2021. "Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?," NBER Working Papers 28388, National Bureau of Economic Research, Inc.

Articles

  1. Thomas R Michl & Daniele Tavani, 2022. "Path dependence and stagnation in a classical growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(1), pages 195-218.

    Cited by:

    1. Cordina Rada & Daniele Tavani & Rudiger von Arnim & Luca Zamparelli, 2022. "Classical and Keynesian models of inequality and stagnation," FMM Working Paper 83-2022, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    2. Manuel David Cruz & Daniele Tavani, 2022. "Secular Stagnation: A Classical-Marxian View," Working Papers PKWP2229, Post Keynesian Economics Society (PKES).
    3. Codrina Rada & Ansel Schiavone & Rudiger von Arnim, 2022. "Goodwin, Baumol & Lewis: How structural change can lead to inequality and stagnation," Metroeconomica, Wiley Blackwell, vol. 73(4), pages 1070-1093, November.

  2. Thomas R. Michl, 2021. "Notes on Covid-19, Potential GDP, and Hysteresis," Review of Political Economy, Taylor & Francis Journals, vol. 33(3), pages 480-486, July.

    Cited by:

    1. Angelini, Elena & Damjanović, Milan & Darracq Pariès, Matthieu & Zimic, Srečko, 2023. "Modelling pandemic risks for policy analysis and forecasting," Economic Modelling, Elsevier, vol. 120(C).

  3. Thomas R. Michl & Kayla M. Oliver, 2019. "Combating hysteresis with output targeting," Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(1), pages 6-27, January.
    See citations under working paper version above.
  4. Thomas R. Michl, 2018. "Hysteresis in a Three-Equation Model," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(2), pages 305-322, April.
    See citations under working paper version above.
  5. 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. Leila Davis & Joao de Souza, 2022. "Stylized facts on the evolution of profit rates in the US: Evidence from firm-level data," Working Papers 2022-01, University of Massachusetts Boston, Economics Department.
    2. 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.
    3. Daniele Tavani & Luke Petach, 2021. "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Journal of Evolutionary Economics, Springer, vol. 31(2), pages 353-377, April.
    4. Codrina Rada, Marcio Santetti, Ansel Schiavone, Rudiger von Arnim, 2021. "Post-Keynesian vignettes on secular stagnation:From labor suppression to natural growth," Working Paper Series, Department of Economics, University of Utah 2021_05, University of Utah, Department of Economics.
    5. 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.

  6. Thomas R. Michl, 2016. "Rentier Consumption and Neoliberal Capitalism," International Journal of Political Economy, Taylor & Francis Journals, vol. 45(3), pages 182-199, July.

    Cited by:

    1. Leila Davis & Joao de Souza, 2022. "Stylized facts on the evolution of profit rates in the US: Evidence from firm-level data," Working Papers 2022-01, University of Massachusetts Boston, Economics Department.

  7. 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.

  8. 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.
  9. 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.
  10. 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. Kazuhiro Kurose, 2022. "A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 239-270, April.
    3. 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.
    4. Daniele Tavani & Luca Zamparelli, 2014. "Public Goods, Redistribution, and Growth: A Classical Model," Working Papers 10/14, Sapienza University of Rome, DISS.

  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.

    Cited by:

    1. Li, Na & Zhang, Xiaoling & Shi, Minjun & Zhou, Shenglv, 2017. "The prospects of China’s long-term economic development and CO2 emissions under fossil fuel supply constraints," Resources, Conservation & Recycling, Elsevier, vol. 121(C), pages 11-22.
    2. 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.
    3. Heinrich, Torsten, 2014. "Resource Depletion, Growth, Collapse, and the Measurement of Capital," MPRA Paper 54044, University Library of Munich, Germany.

  12. Thomas R. Michl, 2006. "Comments on Cesaratto's 'Transition to fully funded pension schemes: a non-orthodox criticism'," Cambridge Journal of Economics, Cambridge Political Economy Society, 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.

  13. 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, March.

  14. Thomas R. Michl & Duncan K. Foley, 2004. "Social security in a Classical growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(1), pages 1-20, January.
    See citations under working paper version above.
  15. 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. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.
    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. 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.
    5. Tavani, Daniele & Zamparelli, Luca, 2021. "Labor-augmenting technical change and the wage share: New microeconomic foundations," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 27-34.
    6. Deepankar Basu, 2010. "Marx‐Biased Technical Change And The Neoclassical View Of Income Distribution," Metroeconomica, Wiley Blackwell, vol. 61(4), pages 593-620, November.

  16. 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:

    1. Chen, Feng-Wen & Xu, Jingwei & Wang, Jiang & Li, Zhilong & Wu, Yongqiu, 2023. "Do rising labour costs promote technology upgrading? A novel theoretical hypothesis of an inverted U-shaped relationship," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 327-341.
    2. Mr. Philippe Beaugrand, 2004. "And Schumpeter Said, "This is How Thou Shalt Grow": Further Quest for Economic Growth in Poor Countries," IMF Working Papers 2004/040, International Monetary Fund.

  17. 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.

    Cited by:

    1. Peter Hans Matthews, 2000. "Technical Change and the Evolution of Class Conscious Norms," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(3), pages 470-481, September.

  18. 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.

  19. 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.
  20. 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. Daniele Tavani, 2023. "The Classical Model of Growth and Distribution," Working Papers 2311, New School for Social Research, Department of Economics.
    3. Anwar Shaikh, 2005. "Nonlinear Dynamics and Pseudo-Production Functions," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 447-466, Summer.
    4. Thomas R. Michl, 2007. "Capitalists, Workers And Social Security," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 244-268, May.
    5. 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.
    6. Pi, Jiancai & Zhang, Pengqing, 2018. "Structural change and wage inequality," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 699-707.
    7. 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.
    8. Thomas Michl, 2010. "Discounting Nordhaus," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 535-549.
    9. 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.
    10. Tavani, Daniele & Zamparelli, Luca, 2021. "Labor-augmenting technical change and the wage share: New microeconomic foundations," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 27-34.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. zamparelli, luca, 2008. "Direction and intensity of technical change: a micro-founded growth model," MPRA Paper 10843, University Library of Munich, Germany.
    16. Luca Zamparelli, 2009. "Direction and Intensity of Technical Change: a Micro Model," Working Papers 4, Doctoral School of Economics, Sapienza University of Rome.
    17. 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.
    18. 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.
    19. 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.
    20. Ekaterina Ponomareva & Alexandra Bozhechkova & Alexandr Knobel, 2012. "Factors of Economic Growth," Published Papers 172, Gaidar Institute for Economic Policy, revised 2013.
    21. 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.
    22. Deepankar Basu, 2010. "Marx‐Biased Technical Change And The Neoclassical View Of Income Distribution," Metroeconomica, Wiley Blackwell, vol. 61(4), pages 593-620, November.
    23. A. J. Julius, 2005. "Steady‐State Growth And Distribution With An Endogenous Direction Of Technical Change," Metroeconomica, Wiley Blackwell, vol. 56(1), pages 101-125, February.

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

  22. 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).
    2. Petith, Howard, 2008. "Land, technical progress and the falling rate of profit," Journal of Economic Behavior & Organization, Elsevier, vol. 66(3-4), pages 687-702, June.
    3. 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.

  23. 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: Return of Marxian Macro-Dynamics in East Asia, volume 32, pages 81-103, Emerald Group Publishing Limited.

  24. 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. Martin H. Wolfson, 1993. "Corporate Restructuring and the Budget Deficit Debate," Eastern Economic Journal, Eastern Economic Association, vol. 19(4), pages 495-520, Fall.
    3. Hager, Sandy Brian, 2014. "What Happened to the Bondholding Class? Public Debt, Power and the Top One Per Cent (Preprint)," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 19(2), pages 155-182.
    4. 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, March.
    5. 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.

  25. Michl, Thomas R, 1991. "Wage-Profit Curves in U.S. Manufacturing," Cambridge Journal of Economics, Cambridge Political Economy Society, 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.

  26. 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. Leila Davis & Joao de Souza, 2022. "Stylized facts on the evolution of profit rates in the US: Evidence from firm-level data," Working Papers 2022-01, University of Massachusetts Boston, Economics Department.
    4. 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.
    5. Satya Prasad Padhi, 2021. "Employment dynamics, increasing returns and Marx's falling rate of profit," PSL Quarterly Review, Economia civile, vol. 74(298), pages 219-245.
    6. 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.
    7. Edward N. Wolff, 2000. "What's Behind the Recent Rise in Profitablity?," Economics Working Paper Archive wp_297, Levy Economics Institute.
    8. Ivan Mendieta‐Muñoz & Doğuhan Sündal, 2022. "Business cycles, financial conditions, and nonlinearities," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 343-383, May.
    9. 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.
    10. 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.
    11. Trofimov, Ivan D., 2022. "Determinants of the profit rates in the OECD economies: A panel data analysis of the Kalecki's profit equation," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 380-397.
    12. 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.

  27. 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.

  28. Michl, Thomas R, 1987. "Is There Evidence for a Marginalist Demand for Labour?," Cambridge Journal of Economics, Cambridge Political Economy Society, 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.

  29. 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.

  30. 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. Matteo Deleidi & Claudia Fontanari & Santiago J. Gahn, 2022. "Autonomous Demand and Technical Change: Exploring the Kaldor-Verdoorn Law on a Global Level," Working Papers PKWP2212, Post Keynesian Economics Society (PKES).
    4. 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.
    5. Deepankar Basu1, Duncan K. Foley, 2011. "WP 2011-4 Dynamics of Output and Employment in the U.S. Economy," SCEPA working paper series. 2011-4, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    6. 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.
    7. 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.
    8. Ute Pieper, 2003. "Sectoral regularities of productivity growth in developing countries--a Kaldorian interpretation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(6), pages 831-850, November.
    9. 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.
    10. 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).
    11. Fingleton Bernard & Gardiner Ben & Martin Ron & Barbieri Luca, 2023. "The impact of brexit on regional productivity in the UK," ZFW – Advances in Economic Geography, De Gruyter, vol. 67(2), pages 142-160, August.
    12. Steven M Fazzari & Piero Ferri & Anna Maria Variato, 2020. "Demand-led growth and accommodating supply," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 44(3), pages 583-605.
    13. Petit Pascal & Tahar G, 1985. "Relation automatisation-emploi (la). effet productivité et effet qualité," CEPREMAP Working Papers (Couverture Orange) 8520, CEPREMAP.
    14. Deepankar Basu & Duncan K. Foley, 2013. "Dynamics of output and employment in the US economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(5), pages 1077-1106.
    15. 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.
    16. 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.
    17. 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. Stephen Thompson, 2018. "Profit Squeeze in the Duménil and Lévy Model," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 297-316, June.
    2. 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.
    3. 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.
    4. Joan R. Rovira, 2015. "Piketty on Growth and Distribution," Hacienda Pública Española / Review of Public Economics, IEF, vol. 214(3), pages 91-114, September.

  2. Thomas Michl, 1993. "Adam Smith and the New Economics of Effort," Palgrave Macmillan Books, in: Ron Blackwell & Jaspal Chatha & Edward J. Nell (ed.), Economics as Worldly Philosophy, chapter 12, pages 322-334, Palgrave Macmillan.

    Cited by:

    1. Peter Hans Matthews & Andreas Ortmann, 2002. "An Austrian (Mis)Reads Adam Smith: A critique of Rothbard as intellectual historian," Review of Political Economy, Taylor & Francis Journals, vol. 14(3), pages 379-392.

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NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 11 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-MAC: Macroeconomics (6) 2006-03-18 2016-10-02 2018-06-25 2021-09-20 2023-05-01 2024-02-05. Author is listed
  2. NEP-MON: Monetary Economics (6) 2006-03-18 2010-01-23 2021-09-20 2023-05-01 2023-09-11 2024-02-05. Author is listed
  3. NEP-CBA: Central Banking (5) 2006-03-18 2021-09-20 2023-05-01 2023-09-11 2024-02-05. Author is listed
  4. NEP-BAN: Banking (4) 2021-09-20 2023-05-01 2023-09-11 2024-02-05
  5. NEP-PKE: Post Keynesian Economics (4) 2008-05-10 2018-06-25 2023-08-21 2023-09-11
  6. NEP-HME: Heterodox Microeconomics (2) 2023-08-21 2023-09-11
  7. NEP-LAB: Labour Economics (2) 2002-09-21 2016-10-02
  8. NEP-DES: Economic Design (1) 2023-09-11
  9. NEP-DGE: Dynamic General Equilibrium (1) 2002-09-21
  10. NEP-FDG: Financial Development and Growth (1) 2021-09-20
  11. NEP-HPE: History and Philosophy of Economics (1) 2008-05-10
  12. NEP-ISF: Islamic Finance (1) 2021-09-20

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