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The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with a post Keynesian "stock-flow" macroeconomic model. In fact, the increased share of financial activities creates a new macroeconomic and income distribution dynamic. We will use...
Persistent link: https://www.econbiz.de/10010750426
The absence of specifically dedicated method to represent financialized capitalism constitutes a significant gap in … prevail in the divergence of American and French economies in the adoption of finance-led capitalism. …
Persistent link: https://www.econbiz.de/10008793550
globalisation and financialization through which present day global capitalism wants to thrive. So, an alternative needs to be …Financialization refers to the over-arching presence of the interest of global finance in every sphere of economic life … - be it real or financial. Neo-liberalism, globalisation and financialization are three distinct yet mutually inter …
Persistent link: https://www.econbiz.de/10010899771
restructing. We focus in particular on the role of financialization and industrial concentration of the firms. …
Persistent link: https://www.econbiz.de/10010635060
of accumulation in the knowledge capitalism, (ii) the current financialization and (iii) the co-evolution of finance and …The emergence of a knowledge capitalism is often considered as an alternative to a financial capitalism. Our goal is to … explain why the financial capitalism hypothesis is not relevant to characterize and to show that the hypothesis of a knowledge …
Persistent link: https://www.econbiz.de/10009418569
The present paper examines the meaning and usefulness of the concept of a New Economy. This construct, which first began to appear in the media in the mid-1990s, is utilised today with a variety of definitions and intentions. Having identified three possible denotations or orientations relating...
Persistent link: https://www.econbiz.de/10008793473
What are the implications of Piketty's Capital for sociology and political science? Capital's argument focuses on the evolution of the r/g ratio (capital returns over growth rate) and outlines two modes of economic inequalities. One is characteristic of affluent (g r) societies and the other is...
Persistent link: https://www.econbiz.de/10010899458
fundamental law of capitalism originated by Thomas Piketty illustrate capital inequality undervalued than labor inequality. In …
Persistent link: https://www.econbiz.de/10011025683
fundamental law of capitalism originated by Thomas Piketty illustrate capital inequality undervalued than labor inequality. In …
Persistent link: https://www.econbiz.de/10011026118
In this paper, we contribute to the study of the heterogeneity of professional service firms through an extreme case, by investigating the conditions of the existence and sustainability of democratic forms of organizing in a professional setting. To do so, we studied DemEx, a long-standing mid...
Persistent link: https://www.econbiz.de/10010820505