Recent papers

Theoretical and Empirical Shortcomings of the Kaleckian Investment Function

UMass wp 2008-11

Growth, Instability and Cycles: Harrodian and Kaleckian Models of Accumulation and Income Distribution

UMass wp 2008-12

Keynesian Dynamics and the AD-AS Framework

With Amitava Dutt. Forthcoming in C. Chiarella, P. Flaschel, R. Franke and C. Proano Lectures on Macrodynamic Theory, Routledge.

Financialization in Kaleckian Economies With and Without Labor Constraints

With Soon Ryoo. UMass wp 2008-05. Forthcoming (with minor revisions) in Intervention – European Journal of Economics and Economic Policies.

"Information and communications technologies, coordination and control, and the distribution of income"

With Fred Guy. UMass wp 2007-11

"Macroeconomic implications of financialization"

With Soon Ryoo. UMass wp 2007-08. Forthcoming (with minor revisions) in Cambridge Journal of Economics.

“Japanese growth and stagnation”

With Takeshi Nakatani. Published with minor revisions in Structural Change and Economic Dynamics, 2007, Vo. 18, Iss. 3, pp. 306-332

“A Model of Power-Biased Technological Change”

With Fred Guy. Published with minor revisions in Economics Letters, 2007, Vol. 95, No. 1, pp. 124-131.

“Power, productivity and profits”

With Fred Guy. In M. Braham and F. Steffen (eds) Dimensions of Power: Concepts, Models, and Applications, Springer Verlag, 2008, pp. 385-404.

“Power-Biased Technological Change and the Rise in Earnings Inequality”

With Fred Guy. UMass wp 2005-17.

“Wage Inequality and Overeducation in a Model with Efficiency Wages”

Published (with minor revisions) in Canadian Journal of Economics, 2006, vol. 39 (1), pp. 94-123.

“Steindlian models of growth and stagnation”

With P. Flaschel. Published (with minor revisions) in Metroeconomica, 2006, 57:3, pp. 303-338.

“Keynesian Theory and the AD-AS Framework: A Reconsideration”

With Amitava K. Dutt. Published (with minor revisions) in C. Chiarella, P. Flaschel, R. Franke and W. Semmler (eds) Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels, Elsevier, 2006, pp. 415-448.

“Prosperity and Stagnation in Capitalist Economies”

With T. Asada and P. Flaschel. Published (with minor revisions) in C. Chiarella, P. Flaschel, R. Franke and W. Semmler (eds) Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels, Elsevier, 2006, pp. 415-448.

“Fairness as a Source of Hysteresis in Employment and Relative Wages”.

Published (with minor revisions) in Journal of Economic Behavior and Organization, Vol 57, 2005, pp. 305-331.

“Mythical Ages and Methodological Strictures – Joan Robinson’s Contributions to the Theory of Economic Growth”

Published (with minor revisions) in Bill Gibson (ed.) Joan Robinson’s Economics: A Centennial Celebration, Edward Elgar, 2005, pp. 173-194.

“Election Campaigns, Agenda Setting and Electoral Outcomes”

With M. Holler. Published (with minor revisions) in Public Choice, 2005, pp. 215-228.

“Wage Inequality and Skill Asymmetries”.

With P. Auerbach. Published (with minor revisions) in M. Setterfield (ed.) Interactions in Analytical Political Economy: Theory, Policy and Applications, M.E. Sharpe, 2005, pp. 27-54.

“Reply to Skillman”

With P. Auerbach. In M. Setterfield (ed.) Interactions in Analytical Political Economy: Theory, Policy and Applications, M.E. Sharpe, 2005, pp. 61-66.

“Economic Explanation, Ordinality and the Adequacy of Analytic Specification”

With D. Katzner. Published (with minor revisions) in Journal of Economic Methodology, 2004, pp. 437-453.