Bibliographic record
Abstract
This paper combines a critical review of the current state of the theory of economic growth with some suggestions for new directions in growth theory. The development of the neoclassical theory of growth and distribution is surveyed, with emphasis on the distribution theory of J.B. Clark, the regression analysis of C.W. Cobb and P.H. Douglas, the growth accounting of R.M. Solow and E.F. Denison, and the reswitching controversy, involving critical contributions by Joan Robinson, Piero Sraffa, and Luigi Pasinetti. Neoclassical growth models, including vintage models, are based on the theoretical separation of investment and technical change, which leads to the curious conclusion that investment is not a central part of the growth process. Post-Keynesian growth models, such as those of Nicholas Kaldor and John Cornwall, deny that such a separation is theoretically or empirically meaningful, and instead put investment at the heart of the growth process. The paper constructs a growth model along post-Keynesian lines, in which the growth rate, the distribution of income, and the normal unemployment rate are endogenous functions of the propensity to invest.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.004 |
| Meta-epidemiology (narrow) | 0.001 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.002 | 0.004 |
| Science and technology studies | 0.001 | 0.004 |
| Scholarly communication | 0.004 | 0.004 |
| Open science | 0.001 | 0.001 |
| Research integrity | 0.002 | 0.003 |
| Insufficient payload (model declined to judge) | 0.005 | 0.002 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".