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The focus of this paper is peripheral urban growth centres on the edges of capital cities in Australia and the challenges they face as dormitory suburbs attempting to establish their own local business development. These challenges create dilemmas as infrastructure and climate change place...
Persistent link: https://www.econbiz.de/10009484588
Thirty years ago, in April 1975, Milton Friedman, came to Australia to declare that the world economic situation manifestly unsound.[1] Friedman asserted on that trip what Michael Kalecki predicted in his 1943 article would be the response of ?captains of industry? to Keynesian macroeconomic...
Persistent link: https://www.econbiz.de/10009484587
This paper combines W.E.G. Salter's analysis of capital-embodied technical change with Kalecki's analysis of financing investment from retained profits to provide a Post Keynesian model of investment with process innovation, which is applied to data from Australian manufacturing industries. The...
Persistent link: https://www.econbiz.de/10009484601