A dynamic contracting model with endogenous prices, wages and investment is presented. It accounts for capital and labour underutilization at steady state and displays various patterns of unemployment rate and capacity utilization rate co-movements as a function of demand and supply shocks. The...

We build a multi-sector model with wage bargaining and imperfect competition to analyse the links between wage interdependence and competitiveness. Quantity constraints together with union power, firm market power and wage externalities play a significant role in the determination of...

chapter 1 Introduction: Why economics should go “full spectrum” -- part PART I The broadness of knowledge -- chapter 2 The structure of economic knowledge -- chapter 3 An Integral approach: The four quadrants of reality -- part PART II Neoclassical reductionism -- chapter 4 Individualism,...

pt. 1. Uncritical complexity -- pt. 2. Bottom-up critical theory : the logic of self-criticizing complexity -- pt. 3. Toward a critical mainstream? -- pt. 4. Critical political economy : the logic of post-orthodox pluralism.