Saeed, Khalid with Micael J. Radzicki, "A Post Keynesian Model Of Macroeconomic Growth, Instability, and Income Distribution", 1993

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The purpose of this paper is to show that a well-known group of economists known as “Post Keynesians” or “Post Keynesian Institutionalists”, engage in macroeconomic modeling in a way that is strikingly similar to the system dynamics method. It will be argued, therefore, that system dynamics can be used to improve Post Keynesian macroeconomic analysis. In addition, this paper will present an original system dynamics model of macroeconomic growth, instability, and income distribution, that can clearly be classified as Post Keynesian. Of interest is that the model generates, among other behaviors, an economic long wave.

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