This paper reviews the theoretical and empirical literature on the relationship between the
functional distribution of income and aggregate demand, which investigates whether …

The stylized facts of neoliberalism include a decline in steady state rate of growth and labor
share. Recent classical-Keynesian literature sees the latter as a cause for the former. A …

Given its significant implications for the economy and society, this paper investigates the
impact of housing supply regulation on household wealth inequality. Utilizing data from the …

We study a model of secular stagnation, income and wealth distribution, and employment in
the Classical–Marxian (CM) tradition, with the purpose of drawing a contrast with …

This paper provides a pedagogical introduction to the basic classical model of growth and
distribution, building on Foley et al.(2019). Its distinctive features are:(a) the focus on class …

I propose two alternative versions of a “Tullock Index” for assessing the effectiveness of
income or wealth redistribution. In the spirit of Atkinson's (J Econ Theory 2: 244–263, 1970) …

This paper provides a set of baseline empirical results on Goodwin cycles for the US post-
war macroeconomy. Our sample consists of Hamilton-filtered series for nonfarm business …

This work presents a framework to jointly study individuals' heterogeneity in terms of their
capital and labor endowments (endowment heterogeneity) and of their saving and …

After the publication of Piketty's Capital in the XXI Century and Robert Gordon's The Rise
and Fall of American Growth, mainstream economics has shifted its attention to the …

After the publication of Piketty's Capital in the XXI Century and Robert Gordon's The Rise
and Fall of American Growth, mainstream economics has shifted its attention to the …