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...

Previous analyses of macroeconomic imbalances have employed models that either focus exclusively on real-side effects or financial-side disturbances. Real-side models usually make the unrealistic assumption that firms that save more than they invest effortlessly and costlessly transfer those...

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...