WORKING PAPER | This paper explores how climate damage affects the long-run evolution of the economy.

WORKING PAPER | How does effective demand, productivity growth, income, and wealth distributions influence and constrain the economy? 

WORKING PAPER | In this paper we examine the class of models defined by a joint distribution of discrete individual actions and an outcome variable so that the joint distribution is underdetermined.

WORKING PAPER | This book aims to make explicit exactly what implicit assumptions about the informational state of the observer support frequentist analysis.

WORKING PAPER | This paper is the first of two following the history of thought on socialist alternatives to capitalism.

WORKING PAPER | This paper is the second of two following the history of thought on socialist alternatives to capitalism.

WORKING PAPER | This talk explores methodological alternatives to macroeconomic analysis based on price-taking Walrasian intertemporal general equilibrium models.

WORKING PAPER | Recent claims from Paul Krugman on the superiority of the IS-LM version of Keynesian economics call for a re-thinking of Keynesian economics.

POLICY NOTE | In principle, the social cost of carbon emissions measures the overall impact of greenhouse gas emissions on societal well-being. 

ARTICLE | This talk examines the popular idea that economic growth can continue forever.

WORKING PAPER | This paper examines the relationship between the distribution of income and capacity utilization in the context of the Kaleckian model of growth and distribution.

WORKING PAPER | This paper investigates the relationship between employment and real output in the U.S. economy from 1948 to 2010 at the aggregate level and at major industry-grouping level.

WORKING PAPER | Service industries for which value added is imputed from incomes, are included in Gross Domestic Product, potentially distorting measures of recession and recovery.

WORKING PAPER | This paper explains equilibrium concepts appropriate to modeling an un-corrected negative externality, such as climate change.

ARTICLE | The costs of greenhouse gas mitigation can be shifted to future generations by reducing current investment, rather than by reducing current standards of living.