Critical notes on some recent neo-Kaleckian contributions on capacity utilization

Within the non-mainstream growth literature, the neo-Kaleckian model is the only one that presents an endogenous capacity utilization in the long run. After systematising the debate around recent contributions and presenting the baseline, extensions of the neo-Kaleckian model and providing some notes on the normal rate of capacity utilization, I assess critically three recent alternatives that try to justify endogenous utilization in neo-Kaleckian models. All these contributions present different theoretical and empirical shortcomings that should be addressed in order to substantiate their claims.