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This paper discusses the historical evolution of the debate between wage-led and profit-led demand regimes, highlighting the differing perspectives of Kaleckian and Goodwinian authors. It emphasizes the role of overhead labor costs and the distinction between managers and ordinary workers in shaping empirical measurements of these regimes. The paper aims to provide insights into the ongoing controversy surrounding these economic theories without delving into econometric complexities.

Author

Verónica Rama

Language

EN