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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Individual Economists x clear all

Keynes's Z function, heterogeneous output and marginal productivity

MG Hayes.

in Cambridge Journal of Economics

September 2007; p ublished online April 2007 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Individual Economists; Economic Methodology. 6239 words.

Keynes was adamant that the assumption of homogeneous output and capital in macroeconomic theory is inadmissable. His aggregate supply or Z function is a generalisation of Marshall's...

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‘Too bright for comfort’: a Kaleckian view of profit realisation in the USA, 1964–2009

David M. Brennan.

in Cambridge Journal of Economics

January 2014; p ublished online October 2013 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Individual Economists; Macroeconomics and Monetary Economics. 7785 words.

This paper uses modern gross national product accounting conventions to chart the various expenditures responsible for profit realisation from 1964 to 2009 in the USA. Revealed are...

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