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We first show that, with a Kaleckian structure that is consistent with Pasinetti (1962), the relationship between distribution and growth is more robust than conventional wisdom suggests.

The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions.

This paper argues that both Smith and Marx find money to be necessary for the specialization of individual producers and the regulation of social production by market exchange.

I develop a structuralist model of long run growth and distribution with capitalists and workers.

We present alternate estimates of global, regional and national poverty based on reasoning as to what the Bank’s own method, consistently applied, would entail.

This paper proposes that high savings out of top incomes contributed to the steady wealth income ratio amongst US households.

Better designed retirement savings incentives that target lower-income workers would make a real difference in workers’ retirement preparedness.

We raise some basic conceptual questions regarding global development goals: Why have them at all? What function, if any, might they serve, and under what conditions could they do so successfully?


SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.