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’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the … effectiveness of economics. However, are the fundamental difficulties associated with understanding the true nature of energy … and Energy all play a significant role in the capacity of economics to better provide for humanity. For example, energy …
Persistent link: https://www.econbiz.de/10009228914
specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the …
Persistent link: https://www.econbiz.de/10005787091
the Middle East. Much of their explanation – including both theory and fact – is plagiarized. It is cut and pasted, almost … others, the ‘era of free flow,’ the ‘era of limited flow,’ ‘energy conflicts,’ the ‘commercialization of arms exports,’ the …
Persistent link: https://www.econbiz.de/10005836969
this paper is to address this mismatch. Using a broad brush, we outline a new, power theory of capital and accumulation. We … use this theory to assess the changing meaning of the corporation and the capitalist state, the new ways in which capital …
Persistent link: https://www.econbiz.de/10005621372
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
periods characterized by sustainable linear trends in the difference between the headline consumer price index (CPI) and the … core CPI in the USA. Then we revealed similar behavior in the differences between the CPI and indices of various consumer … the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the core CPI …
Persistent link: https://www.econbiz.de/10011185388
In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer … price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price … deviations from the linear trend are transient and the price must promptly return to the trend. Specifically, the model predicted …
Persistent link: https://www.econbiz.de/10008543797
Abstract: I apply the Beveridge-Nelson business cycle decomposition method to the time series of murder in the United States (1900-2004). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincides with documented waves of organized crime, internal...
Persistent link: https://www.econbiz.de/10005835859
According to neoclassical economic theory, there is a negative relationship between real wages, and the level of output … and employment. Therefore, neoclassical theory tends to favor policy measures that seek to diminish real wages and …
Persistent link: https://www.econbiz.de/10011259796
Following Lavoie et al. (2004), this paper empirically assesses four investment functions closing the Kaleckian baseline model in the long-run: (a) the Naive-Kaleckian specification without any long-run adjustment; (b) the Intermediate-Kaleckian specification with an endogenous adjustment of the...
Persistent link: https://www.econbiz.de/10008871183