How does effective demand, productivity growth, income, and wealth distributions influence and constrain the economy?
This paper explores how climate damage affects the long-run evolution of the economy.
The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions.
Authors use demand-driven models of economic growth and inequality to conclude US household wealth concentration is not likely to decline in response to fiscal interventions alone.
In this paper, the author replies to recent literature on the distribution of financial assets between the top 1% and the the 99% of the population.
Taylor builds a model of growth and income distribution that shows Piketty's gloomy prediction of an ever greater share of income going to the rich to be far from inevitable.
Authors examine large public financial flows that are both progressive and regressive, and construct tax and transfer programs that could be more beneficial for all.
Recent claims from Paul Krugman on the superiority of the IS-LM version of Keynesian economics call for a re-thinking of Keynesian economics.
Copyright ©2021 Schwartz Center for Economic Policy Analysis The New
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Copyright ©2021 Schwartz Center for Economic Policy Analysis The New School