Economic Growth and the Balance-of-Payments Constraint

@DominikLeusder @shishiqiushi In his book 'Economic Growth and the Balance-of-Payments Constraint' https://t.co/aVktA29zRM https://t.co/7NVpGVxTEL

@Frances_Coppola @FadhelKaboub I won't say it's trivial. Some parts are standard but some aren't. For example this work is considered quite solid in PKE: https://t.co/BIlzGf6Bam

Thirlwall and McCombie argue how the production function approach is in sharp contrast to the Keynesian principle of effective demand in this book: https://t.co/RDnvEUefjj

Thirlwall's law, that economic growth is balance-of-payments constrained. Took me a while to accept it. https://t.co/BIlzGf6Bam