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Jim's query: Levy Profits equation



I was waiting for someone who actually knew something about it to reply (especially since my reply on exchange rates fell so flat :-).  Here's a Levy Institute paper written by Jay Levy that compares it with Kalecki (personally I would stick with Kalecki).

http://econwpa.wustl.edu/eps/mac/papers/0004/0004056.pdf

Paul

At 12:35 PM 6/4/2003 -0700, you wrote:

Does anyone know what the Levy profits equation is? (It seems to be akin to results from Marx's reproduction schemes, some work by Kalecki, the Cambridge equation, but I don't know the details.)

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine


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