"Revisiting (and Connecting) Marglin-Bhaduri and Minsky--An SFC Look at Financialization and Profit-led Growth"
Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that (1) this strategy is potentially misleading; (2) that the stock-flow consistent (SFC) approach, while providing a general framework that may facilitate the dialogue among those currents, is particularly well suited to all those who think that macroeconomic models may illuminate historical quests; and (3) that the main intuitions may be conveyed through the "benchmark" Post Keynesian SFC model presented by Dos Santos and Zezza (2008), dispensing with the complex computer simulations that are normally employed by SFC authors.
Year of publication: |
2009-06
|
---|---|
Authors: | Santos, Claudio H. Dos ; Silva, Antonio Carlos Macedo e |
Institutions: | Levy Economics Institute |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Silva, Antonio Carlos Macedo e, (2008)
-
"A Simplified 'Benchmarkâ Stock-flow Consistent (SFC) Post-Keynesian Growth Model"
Santos, Claudio H. Dos, (2007)
-
"A Simplified Stock-Flow Consistent Post-Keynesian Growth Model"
Santos, Claudio H. Dos, (2005)
- More ...