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The 2007 financial crises has brought to eminence and a long overdue recognition to the ideas of Hyman P. Minsky who is a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic fluctuations and recurring instability of the financial system...
Persistent link: https://www.econbiz.de/10010820974
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...
Persistent link: https://www.econbiz.de/10010898561
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 … capitalism can provide an explanation of the growth and the importance of finance. Three topics are considered:(1) the new forms …
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
À partir de la thématique énergétique à Istanbul, ce mémoire apporte des éléments de réponse à la double interrogation suivante : comment les structures de gouvernance locale se sont-elles adaptées aux injonctions du développement urbain durable ? ; dans une métropole déjà...
Persistent link: https://www.econbiz.de/10009369212
Drawing together the concepts of inefficiency and banking crisis is directly inspired by business cycles theory where a crisis is the turning point from which the market/economy is recovering. If inefficiency plays a role in the occurrence of banking crisis, the post-crisis period should be the...
Persistent link: https://www.econbiz.de/10010750383
While the topic of gender equality turns out to be an important element in the preparation of Turkey to join the … toward filling this gap. We propose an estimate of the wage discrimination in Turkey relying on different decompositions of … the gender waga differential. The data set used is the 2003 Turkish Household Budget Survey. In Turkey, the observed …
Persistent link: https://www.econbiz.de/10010750920