← All authors Duncan K. Foley New School (from arXiv:2509.05520, 2025) · ORCID · OpenAlex
66 papers in scope · 65 published · 1 on the econ.EM arXiv · 4,664 citations · h-index 29 (over the papers listed here)
Papers (1 of 66)
working paper 2025 · arXiv
A Statistical Equilibrium Approach to Adam Smith’s Labor Theory of Value
published 2025 · Review of Radical Political Economics · first circulated 2024
Bayesian Inference and the Principle of Maximum Entropy
published 2025 · The American Statistician · 4 citations · first circulated 2024
Information and entropy in the labor market: Frictional and involuntary unemployment and the neutrality of money
published 2024 · Metroeconomica · 7 citations
Plausible energy demand patterns in a growing global economy with climate policy
published 2021 · Nature Climate Change · 209 citations · first circulated 2020
with Gregor Semieniuk, Lance Taylor, Armon Rezai
Social coordination problems in classical and Marxian political economy
published 2019 · Review of Social Economy · 8 citations
Demand drives growth all the way: Goodwin, Kaldor, Pasinetti and the Steady State
published 2018 · Cambridge Journal of Economics · 49 citations
with Lance Taylor, Armon Rezai
Economic Growth, Income Distribution, and Climate Change
published 2017 · Ecological Economics · 119 citations
with Armon Rezai, Lance Taylor
A classical-Marxian model of antebellum slavery
published 2017 · Cambridge Journal of Economics · 4 citations
with John Clegg
Quantal Response Statistical Equilibrium in Economic Interactions: Theory and Estimation
published 2017 · Entropy · 50 citations
Can economics be a physical science?
published 2016 · The European Physical Journal Special Topics · 3 citations
An integrated approach to climate change, income distribution, employment, and economic growth
published 2015 · Ecological Economics · 115 citations
with Lance Taylor, Armon Rezai
Varieties of Keynesianism
published 2014 · International Journal of Political Economy · 15 citations
Reply to Paul Davidson, Servaas Storm, and Lance Taylor
published 2014 · International Journal of Political Economy
The social cost of carbon emissions: Seven propositions
published 2013 · Economics Letters · 53 citations
with Armon Rezai, Lance Taylor
Dynamics of output and employment in the US economy
published 2013 · Cambridge Journal of Economics · 62 citations
Mathematical Formalism and Political-Economic Content
published 2012 · Voprosy Ekonomiki · 9 citations
Dilemmas of Economic Growth
published 2012 · Eastern Economic Journal · 11 citations
The Political Economy of Postcrisis Global Capitalism
published 2012 · South Atlantic Quarterly · 18 citations
A NOTE ON THE CONCEPT OF APPROXIMATE EQUILIBRIUM IN ECONOMIC THEORY
published 2012 · New Mathematics and Natural Computation
DISTRIBUTION AND CAPACITY UTILIZATION: CONCEPTUAL ISSUES AND EMPIRICAL EVIDENCE
published 2011 · Metroeconomica · 98 citations
with Michalis Nikiforos
Unhedgeable shocks and statistical economic equilibrium
published 2011 · Economic Theory · 4 citations
with Eric Smith, Benjamin H. Good
Global warming and economic externalities
published 2011 · Economic Theory · 118 citations
with Armon Rezai, Lance Taylor
Lineages of Crisis Economics from the 1930s: Keynes, Hayek, and Schumpeter
published 2010 · Eastern Economic Journal · 5 citations
What’s wrong with the fundamental existence and welfare theorems?
published 2010 · 21 citations
The economy needs agent-based modelling
published 2009 · Nature · 1249 citations
Critical Political Economy: Complexity, Rationality, and the Logic of Post‐Orthodox Pluralism. By CHRISTIAN ARNSPERGER
published 2009 · Economica
A NOTE ON THE FORMAL TREATMENT OF EXPLOITATION IN A MODEL WITH HETEROGENOUS LABOR
published 2009 · Metroeconomica · 49 citations
with Gerard Duménil, Dominique Lévy
THE HISTORY OF ECONOMIC THOUGHT AND THE POLITICAL ECONOMIC EDUCATION OF DUNCAN FOLEY
published 2009 · Journal of the History of Economic Thought · 9 citations
COMMENT ON ‘THE STABILITY OF GENERAL INTERTEMPORAL EQUILIBRIUM: A NOTE ON SCHEFOLD’ BY SERGIO PARRINELLO
published 2008 · Metroeconomica
Classical thermodynamics and economic general equilibrium theory
published 2007 · Journal of Economic Dynamics and Control · 136 citations
with Eric Smith
Crossing Hubbert’s peak: Portfolio effects in a growth model with exhaustible resources
published 2006 · Structural Change and Economic Dynamics · 3 citations
with Thomas Michl
Social security in a Classical growth model
published 2004 · Cambridge Journal of Economics · 36 citations · first circulated 2001
with Thomas Michl
Endogenous technical change with externalities in a classical growth model
published 2003 · 85 citations
Sraffa's legacy
published 2003 · Cambridge Journal of Economics · 3 citations
Comments
published 2001 · The Journal of Economic Perspectives · 4 citations
with Thomas Michl, Robert J. Gordon, Stephen D. Oliner, Daniel E. Sichel, Jonathon Mote
Individual Strategy and Social Structure: An Evolutionary Theory of Institutions
published 2001 · 159 citations
with Peter S. Albin
Notes on Burgstaller's Property and Prices
published 2001 · Metroeconomica
The Production Function and Productivity: Comment
published 2001 · The Journal of Economic Perspectives · 3 citations
with Thomas Michl
no link
Stabilization of human population through economic increasing returns
published 2000 · Economics Letters · 15 citations
Productivity, Employment and Growth in European Integration
published 1999 · Metroeconomica · 29 citations
with Adalmir Antônio Marquetti
Theory of production: A long-period analysis
published 1997 · 18 citations
STATISTICAL EQUILIBRIUM IN A SIMPLE LABOR MARKET
published 1996 · Metroeconomica · 33 citations
Where do we go from here?
published 1995 · Recherches économiques de Louvain
The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism.
published 1994 · The Economic Journal · 134 citations
with Gerard Duménil, Dominique Lévy
A Statistical Equilibrium Theory of Markets
published 1994 · Journal of Economic Theory · 293 citations
A Contribution to the Theory of Business Cycles
published 1992 · The Quarterly Journal of Economics · 16 citations
Decentralized, dispersed exchange without an auctioneer
published 1992 · 95 citations
with Peter S. Albin
Liquidity-profit rate cycles in a capitalist economy
published 1987 · 77 citations
Say's law in Marx and Keynes
published 1985 · Cahiers d économie politique · 17 citations
Realization and accumulation in a Marxian model of the circuit of capital
published 1982 · Journal of Economic Theory · 88 citations
State expenditure from a Marxist perspective
published 1978 · Journal of Public Economics · 28 citations
Comprehensive Income Taxation, by Joseph A. Pechman
published 1978 · Political Science Quarterly · 28 citations
On Two Specifications of Asset Equilibrium in Macroeconomic Models: Reply to Buiter and Woglom
published 1977 · Journal of Political Economy · 7 citations
Growth and Income Distribution: Essays in Economic Theory . Luigi L. Pasinetti
published 1976 · Journal of Political Economy
An Asset Price Model of Aggregate Investment
published 1975 · International Economic Review · 39 citations
with Robert F. Engle
A note on the budget constraint in a model of borrowing
published 1975 · Journal of Economic Theory · 7 citations
with Martin Hellwig
Asset Management with Trading Uncertainty
published 1975 · The Review of Economic Studies · 53 citations · first circulated 1973
with Martin Hellwig
On Two Specifications of Asset Equilibrium in Macroeconomic Models
published 1975 · Journal of Political Economy · 142 citations
Problems vs. Conflicts: Economic Theory and Ideology
published 1975 · American Economic Review · 16 citations
no link
Monetary and Fiscal Policy in a Growing Economy.
published 1973 · The Economic Journal · 115 citations · first circulated 1972
with Michael Parkin, Miguel Sidrauski, Donald D. Hester
Economic equilibrium with costly marketing
published 1970 · Journal of Economic Theory · 153 citations
The Business Cycle in a Changing World.
published 1970 · The Journal of Finance · 48 citations
with Arthur F. Burns
Lindahl's Solution and the Core of an Economy with Public Goods
published 1970 · Econometrica · 448 citations · first circulated 1967
Optimal Fiscal and Monetary Policy and Economic Growth
published 1969 · Journal of Political Economy · 30 citations · first circulated 1968
with Karl Shell, Miguel Sidrauski
THE EDUCATIONAL OPPORTUNITY BANK: AN ECONOMIC ANALYSIS OF A CONTINGENT REPAYMENT LOAN PROGRAM FOR HIGHER EDUCATION
published 1968 · National Tax Journal · 17 citations
with Karl Shell, Franklin M. Fisher, Ann F. Friedlaender, James J. Behr, Stanley Fischer, Ran D. Mosenson
Assembled from arXiv and OpenAlex. Duplicate records for the same paper are merged, and the published version is shown where we could identify one. Corrections welcome.
Built from arXiv and OpenAlex. Supported by UKRI grant APP47921 (Martin Weidner, UCL · Francis J. DiTraglia, Oxford).