This paper develops the Ricardian multigoods model in several directions with a view to studying the relationship between the technology gap, the pattern of specialization and the institutional framework that organizes technological learning and wage bargaining. The interaction between the...

This paper develops a post-Keynesian dynamic model of accumulation, growth and distribution in which endogenous technological innovation plays a significant role. Firms' rate of labour-saving technological innovation is made to depend non-linearly on the distributive (wage and profit) shares,...

We develop a post-Keynesian macrodynamic model of productive capacity utilization and income distribution in which the supply of credit-money is endogenous. Nominal interest rate is set by banks as a markup over the base rate, which is exogenously determined by the monetary authority. Over time,...