It has been argued in recent economic literature that deregulation in both product and labour markets has beneficial impacts on employment and on real wages. The results offered to support this argument, however, are controversial. So far the debate has been concerned with comparative static...

In this paper, the author extends the post-Keynesian theory of growth and distribution to a corporate economy. He shows that the rate of profits and the distribution between profits and wages are influenced by the behavioral parameters of shareholders and firms, such as the degree of...

This paper explores the possibilities for complex dynamic behavior in an industry where a fixed capital good, once acquired and installed, is specific to that industry. A central theme is to understand the sorts of factors which can impose bounds on the behavior of market price and which can...