Macrodynamics of debt regimes, financial instability and growth

Article Abstract:

The development of a post-Keynesian dynamic model of capacity utilization and growth, in which the supply of credit-money by the banking system is endogenous at an exogenously given nominal rate, is discussed. The model shows the possibility of relating the stability properties of systems with the interest rate and debt ratio as state variables.

Science & research, Research, Models, Debt, Industrial capacity, Report

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Fleetwood on causal holism: clarification and critique

Article Abstract:

A critical analysis of the exploration of causal holism by Steve Fleetwood is presented. Critical realism, causal holism, etc. are examined.

Analysis, Holism, Critical realism

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