The Cambridge growth theory should be able to generate it... in theory. But I&#39;ve never seen it done. I think that stuff was dropped after Robinson&#39;s &quot;History vs Equilibrium&quot; work when methodology overruled long-term modelling.<div><br></div><div>But it wouldn&#39;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...</div><div><br></div><div>Beyond that there&#39;s Baduri-Marglin but that&#39;s just export led stuff.<span></span><br><br>On Friday, 26 February 2016, Henry, John &lt;<a href="mailto:[log in to unmask]"><a href="/cgi-bin/wa?LOGON=A3%3Dind1602%26L%3DAFEEMAIL%26E%3Dquoted-printable%26P%3D8484421%26B%3D--089e0122aaeebd3fdd052cb455ae%26T%3Dtext%252Fhtml%3B%2520charset%3DUTF-8" target="_parent" >[log in to unmask]</a></a>&gt; wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">




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<p>Colleagues,</p>
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<p>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.
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<p>Any takers? Many thanks in advance.</p>
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<p>John</p>
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<div><font size="2" face="Times New Roman">John F. Henry</font></div>
<div><font size="2" face="Times New Roman">Levy Economics Institute of Bard College</font></div>
<div><font size="2" face="Times New Roman">Annandale-on-Hudson</font></div>
<div><font size="2" face="Times New Roman">NY 12504</font></div>
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<div><font size="2" face="Times New Roman">Email: </font><a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;<a href="/cgi-bin/wa?LOGON=A3%3Dind1602%26L%3DAFEEMAIL%26E%3Dquoted-printable%26P%3D8484421%26B%3D--089e0122aaeebd3fdd052cb455ae%26T%3Dtext%252Fhtml%3B%2520charset%3DUTF-8" target="_parent" >[log in to unmask]</a>&#39;);" target="_blank"><font size="2" face="Times New Roman"><a href="/cgi-bin/wa?LOGON=A3%3Dind1602%26L%3DAFEEMAIL%26E%3Dquoted-printable%26P%3D8484421%26B%3D--089e0122aaeebd3fdd052cb455ae%26T%3Dtext%252Fhtml%3B%2520charset%3DUTF-8" target="_parent" >[log in to unmask]</a></font></a></div>
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</blockquote></div><br><br>-- <br><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div>Philip Pilkington<br><br></div>Tel: 0044(0)7825371244</div><div><div><div>Twitter: <a href="https://twitter.com/pilkingtonphil" target="_blank">https://twitter.com/pilkingtonphil</a><br>Academic Publications: <a href="http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1508797" target="_blank">http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1508797</a><br></div></div></div></div></div></div></div></div><br>