ABSTRACT
Heinz Kurz is a prolific writer – one, among many, of his aspects that I admire. I came to chew on a small corner of his literature when I was reading for my PhD on a long-period theory of effective demand. Kurz (1985) and Kurz (1986) were inspirations for part of the thesis. His work on capital accumulation and economic growth, among others, has continued to give me the pleasure of reading and the benefit of getting insights for research. What is presented in the present chapter is concordant with his work along the lines of the ‘Keynesian Hypothesis’ (Kurz, 1990, 1992, 1994) – the kind of work that was enthusiastically pursued by the ‘Sraffian Keynesians’ in the 1980s (see, for example, papers collected in Bharadwaj and Schefold, 1990; Kurz, 1990, is one of them) but since then have attracted none of the attention they deserve except sporadically (Serrano, 1995; Trezzini, 1995, 1998; Park, 1997a, 2000; Palumbo and Trezzini, 2003). 1
