Research

Publications

“The Limits of the Wage-led Growth Strategy and the Iron Law of Capitalism: A Theoretical Appraisal” , The New School Economic Review, Volume 11 (2021).

The purpose of this paper is twofold. It identifies the recent development of a profound critique of Kaleckian models of growth and distribution that enables the possibility of endogenous regimes. I also present and discuss a theoretical model in which the IS curve is non-linear and demand regimes are unstable. Different theoretical and policy approaches can be fitted in this model, although it is recognized that under the capitalist system, a sort of iron law arises. Thus, it is not possible to permanently pursue the so-called wage-led growth strategy since the regime changes according to the distribution of income.

Works in Progress

“Productive Capabilities in the European North-South Divide: A structural view of trade patterns in Germany, Italy and Spain between 1995 and 2018”

“Measuring workers’ power across countries: *A theoretical approach and a empirical application *”

“Microeconomic foundations of complexity: Firms, competition and innovation in Schumpeter, Penrose and Steindl”