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A new heterodox theory of market and capitalism is suggested. Its key moments and general logic are presented. The … theory is based on the distinction between two market types – the simple commodity market and the capitalist one …. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested. The theory consists …
Persistent link: https://www.econbiz.de/10011113140
series labour productivity (prod), employment (e), unemployment rate (U), real wages (rw).This notion was definitively …% for employment. This means that Canadian labour market is in equilibrium working at natural rate of unemployment and by …
Persistent link: https://www.econbiz.de/10009369603
adverse supply or demand shock on output, employment, investment, prices, interest rates, and the exchange rate. The paper …
Persistent link: https://www.econbiz.de/10011111986
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
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
employment was far from reaching its previous peak. However, assessment of the employment situation was markedly different across … different series. The two most important employment series, payroll employment (ENAP) and civilian employment (TCE), have … unrevised data. We find that the main differences across these series occur around recessions. The employment measures have …
Persistent link: https://www.econbiz.de/10009325627
employment was far from reaching its previous peak. However, assessment of the employment situation was markedly different across … different series. The two most important employment series, payroll employment (ENAP) and civilian employment (TCE), have … unrevised data. We find that the main differences across these series occur around recessions. The employment measures have …
Persistent link: https://www.econbiz.de/10011109228
bank. In theory, there are two possibilities for a monetary union. The first one is a situation where currencies may …
Persistent link: https://www.econbiz.de/10005621591
Two countries face a strategic interdependence in producing intermediate goods. Producing these intermediate goods requires both of domestic capital and another imported intermediate good. Individually they determine its balanced growth path by taking into account this interdependence. By...
Persistent link: https://www.econbiz.de/10005837348
We show that intermediate goods can be sourced to firms on the "outside" (that do not compete in the final product market), even when there are no economies of scale or cost advantages for these firms. What drives the phenomenon is that "inside" firms, by accepting such orders, incur the...
Persistent link: https://www.econbiz.de/10005000650