Until the 1970s, the idea that workers had a right to a job was a subject of lively debate, at least among progressives. The dominance of the neoclassical perspective since that time has all but eliminated discussion of such a right. In this paper, we argue that a Post Keynesian understanding of...

The results of the Cambridge capital controversy suggest that marginal productivity analysis cannot be used to derive an inverse relation between the rate of interest and investment. Nevertheless, post-Keynesians and neo-Ricardians continue to use an inverse relation. In this paper, the authors...