The policy brief is the first outcome of the four-year project 'Welfare, Wealth and Work for Europe' which started in April 2012 and aims at providing the analytical basis for a new European growth path towards a socio-ecological transition. It identifies the blind spots of the institutional...

We develop and calibrate an analytical growth model in the neo-Kaleckian tradition with an endogenous wealth distribution and differential returns to wealth between workers and capitalists. We show that a long-run equilibrium allows for non-zero wealth owned by workers, even as the model...

If Piketty's main theoretical prediction (rg leads to rising wealth inequality) is taken to its radical conclusion, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post-Keynesian model with an endogenous distribution of wealth between...