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Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists" Research Group's microeconomic...
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Based on neoclassical theory, cutting budget deficits has come to be seen as a principal way to increase long-run growth, but the empirical evidence is ambiguous on the outcome of this macropolicy. A new model, the classical growth cycles (CGC) model, offers an alternative theoretical framework...
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1. Laissez Faire: The Fruitless Pursuit of a Chimera 2. Messiness Matters: The Analytical Basis of the Legal-Economic Nexus 3. Visible Hands and Corporations: Beyond the Public versus Private Separation 4. Constitutional Vulnerability, the Struggle for Human Dignity, And Monetary Sovereignty 5....
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