Recent critics of unequal exchange have argued that not only does the theory critically depend upon the unrealistic assumption of complete speciali zation (no nonspecific commodities) but also that unequal exchange tends to be self-cancelling and empirically insignificant. Each of these...

Comprising specially commissioned essays, the Handbook provides a comprehensive overview of alternative theories of economic growth. It surveys major sub-fields (including classical, Kaleckian, evolutionary, and Kaldorian growth theories) and highlights cutting-edge issues such as the...

Neo-Ricardian and Fundamentalist theories of rent and landed property are compared within the analytical framework of the Sraffian model with respect to both the question of the static distribution of surplus value and the dynamics of capital accumulation. The general problem of nonproduced...

This article discusses a multi-agent model of the informal sector. An analytical model is first developed to explore the possible range of relationships between formal and informal employment. Data from the agent-based model support protecting formal sector jobs with current account...

Lance Taylor is widely considered to be one of the pre-eminent development economists in the world and is known for his work on development planning, macroeconomics of development, stabilization policy, and the global economy. He has also been the major force behind structuralist economics,...