التفاصيل البيبلوغرافية
| العنوان: |
Inconsistencies in the note of Dávila‐Fernández, Oreiro and Punzo. |
| المؤلفون: |
Lavoie, Marc |
| المصدر: |
Metroeconomica; May2019, Vol. 70 Issue 2, p320-324, 5p |
| مصطلحات موضوعية: |
ECONOMIC development, KALECKIAN Model of Growth & Distribution, DISTRIBUTION (Economic theory), CONSUMPTION (Economics), INVESTMENTS |
| مستخلص: |
This rejoinder is a rebuttal of the claims made by Dávila‐Fernández, Oreiro, and Punzo (in press) in their comment on Lavoie (). All three points that they make are mistaken: I did not pretend that the introduction of autonomous noncapacity expenditures would on its own allow the neo‐Kaleckian growth model to converge toward the normal rate of capacity utilization; the 'Keynesian' message is not eliminated when investment expenditures are essentially induced in a neo‐Kaleckian model; and the equations that they provide to endogenize the normal rate of capacity utilization are meaningless. [ABSTRACT FROM AUTHOR] |
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