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Kaldor’s Growth Laws and the Principle of Cumulative Causationued growth at near full employment in most advanced capitalist countries, and a coherent Keynesian explanation of this observation was lacking. By the mid-1960s, however, Kaldor had come to believe that the one-sector models gave a misleading picture. In reality, he argued, few, if any, economies we

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Post-Keynesianism and Institutionalism: Another Look at the Linkrticularly extensive use of the work of Nicholas Kaldor, who was one of the Post-Keynesians closest to institutionalist tradition. For instance, Kaldor’s mentor Allyn Young was an admirer of Veblen, and Kaldor explicitly and repeatedly acknowledged the influence of the institutionalist Gunnar Myrdal.

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Analyse politischer Entschuldigungennt take place in the context of an immutable past and an as yet unmade (and hence fundamentally uncertain) future. Great importance attaches to the sequential nature of economic activity and the concomitant tendency of economic systems to evolve over time as a result of their concrete historical functioning.

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Politische Geschichte der Gegenwart offset by increasing inequality. Only those in the top 20 per cent of the earnings distribution were better off in 1994 compared to 1973. Similar tendencies exist in other OECD countries, although the unemployment/working poverty mix varies, depending on the particular institutional and regulatory arrangements in different countries.

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Modelling a Path-Dependent Economy: Lessons from John Cornwall’s Macrodynamicsnt take place in the context of an immutable past and an as yet unmade (and hence fundamentally uncertain) future. Great importance attaches to the sequential nature of economic activity and the concomitant tendency of economic systems to evolve over time as a result of their concrete historical functioning.

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The Rise of Unemployment and Working Poverty: An Evolutionary Macroeconomic Perspective offset by increasing inequality. Only those in the top 20 per cent of the earnings distribution were better off in 1994 compared to 1973. Similar tendencies exist in other OECD countries, although the unemployment/working poverty mix varies, depending on the particular institutional and regulatory arrangements in different countries.

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https://doi.org/10.1007/978-3-663-07314-7plays an important role in this context, because it is the locus of technological progress, whether in the form of learning by doing (scale economics) or as the result of search activities by entrepreneurs. Hence his main focus is on what shapes growth in manufacturing (since this is considered to be the main source of overall growth).

Urologist

Politische Führung in der Oppositionuropean integration had begun to experience diminishing returns, the effects of this initiative petered out in the early 1990s, with the process of convergence slowing down (see Figures 11.1 and 11.2).