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Dynamics of Output and Employment in the U.S. Economy
This paper investigates the changing relationship between employment and real output in the U.S. economy from 1948 to 2010 both at the aggregate level and at some major industry-grouping levels ofExpand
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Technology, distribution and the rate of profit in the US economy: understanding the current crisis.
This paper offers a synoptic account of the state of the debate within Marxist scholars regarding the current structural crisis of capitalism, identifies two broad streams within the literatureExpand
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Relations of Production and Modes of Surplus Extraction in India: Part I - Agriculture
This paper uses aggregate-level data, as well as casestudies, to trace out the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informalExpand
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Is There a Tendency for the Rate of Profit to Fall? Econometric Evidence for the U.S. Economy, 1948-2007
The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical debates within Marxian political economy since the publication of volume III of Capital. AnExpand
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Marx-Biased Technical Change and the Neoclassical View of Income Distribution
This paper empirically tests two competing views about capital–labour substitution at the aggregate level in capitalist economies: the classical model with Marx-biased technical change versus theExpand
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The Calorie Consumption Puzzle in India: An Empirical Investigation
Over the past four decades, India has witnessed a paradoxical trend: average per capita calorie intake has declined even as real per capita monthly expenditure has increased over time. Since crossExpand
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Non-Food Expenditures and Consumption Inequality in India
This paper contributes to the ongoing debate about economic inequality in India during the post-reform period. We analyze consumption inequality through the hitherto neglected lens of nonfoodExpand
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An Empirical Investigation of the Calorie Consumption Puzzle in India
Over the past four decades, India has witnessed a paradoxical trend: average per capita calorie intake has declined even as real per capita monthly expenditure has increased over time. Since crossExpand
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Dynamic Multinomial Ordered Choice with an Application to the Estimation of Monetary Policy Rules
We present a novel specification of a dynamic multinomial ordered choice model, where the latent variable is a function of strictly stationary exogenous variables and lags of the choice variable. WeExpand
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Relations of Production and Modes of Surplus Extraction in India: An Aggregate Study
This paper uses aggregate-level data, as well as case-studies, to trace the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informalExpand
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