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Oh and the Thirlwall work is a long run theory of growth.

But again... Non-ergodicity... Do we trust this?

On Friday, 26 February 2016, Philip Pilkington <[log in to unmask]>
wrote:

> The Cambridge growth theory should be able to generate it... in theory.
> But I've never seen it done. I think that stuff was dropped after
> Robinson's "History vs Equilibrium" work when methodology overruled
> long-term modelling.
>
> But it wouldn't be hard to plug in some distribution figures from
> Piketty/Saez into a Cambridge equation. But would we good non-ergodic folks
> accept the result? Especially with that full employment assumption built
> in...
>
> Beyond that there's Baduri-Marglin but that's just export led stuff.
>
> On Friday, 26 February 2016, Henry, John <[log in to unmask]
> <javascript:_e(%7B%7D,'cvml',[log in to unmask]);>> wrote:
>
>> Colleagues,
>>
>>
>>
>> I had a question from a Levy associate that I could not readily answer.
>> Perhaps some of you can come to my assistance. Does anyone know of any
>> heterodox types who work on non-neoclassical theories of growth from which
>> long-term predictions can be generated? Most of the literature I know of in
>> this area is either old or deals with sustainability. But, the issue
>> addressed is to develop a reasonable counter to conventional theory(ies)
>> that appears both more reasonable and also usable in forecasting.
>>
>>
>>
>> Any takers? Many thanks in advance.
>>
>>
>>
>> John
>>
>>
>> John F. Henry
>> Levy Economics Institute of Bard College
>> Annandale-on-Hudson
>> NY 12504
>>
>> Email: [log in to unmask]
>>
>
>
> --
> Philip Pilkington
>
> Tel: 0044(0)7825371244
> Twitter: https://twitter.com/pilkingtonphil
> Academic Publications:
> http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1508797
>
>

-- 
Philip Pilkington

Tel: 0044(0)7825371244
Twitter: https://twitter.com/pilkingtonphil
Academic Publications:
http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1508797