Today, we’ll finish off the book by covering chapter 5 and the conclusion. The previous two chapters can be found here.
Chapter 5. The Long Period: Old and New Growth Models
5.1 The Old Post-Keynesian Growth Models
Post-Keynesians are well known for their models of growth, first developed by Cambridge economists Kaldor and Robinson in 1956. To examine these models, we’ll need some definitions. K is…