Home › Forum › Political Economy › Exchange with Blair Fix on an ecological Kalecki/Goodwin model › Reply To: Exchange with Blair Fix on an ecological Kalecki/Goodwin model
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So, my main question is this: do you think there can be a Kaleckian or a Goodwin model that accounts for energy and natural resources – or that treats them as “factors of production” – and explain the determination of aggregate demand and income distribution? Or do you know any researches that have done this? (as far as I know, there has been none).
In December 2020, Steve Keen and his team provided an update on their efforts to incorporate energy (and eventually entropy) into macroeconomics. In case you have not seen it, there is a link to the December 2020 report in this Patreon post.