After Kahn's death an unpublished manuscript and other writings on the subject of buffer stocks were found among his papers. For Kahn, the crucial issue was that commodity price instability affected seriously (and unnecessarily) not only producers but also consumers and the world economy in...

This paper argues that, despite some significant differences, the 1982 debt crisis, the 1994 Mexican crisis, and the current 1997 East Asian crisis share the common characteristic that 'overlending' and 'overborrowing' are basically endogenous market failures of overliquid and underregulated...

Starting from the perspective of heterodox Keynesian--Minskyian--Kindlebergian financial economics, this paper begins by highlighting a number of mechanisms that contributed to the current financial crisis. These include excess liquidity, income polarisation, conflicts between financial and...

type="main" <title type="main">ABSTRACT</title> <p>In an article published in this journal in 2011, an alternative measure of inequality was suggested, which has subsequently become known as ‘the Palma Ratio’. In this new article, the author of the original proposal revisits the argument for such a measure. Using new...</p>

type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>This article examines distributional disparities within nations. There are six main conclusions. First, about 80 per cent of the world's population now lives in regions whose median country has a Gini close to 40. Second, as outliers are now only located among...</p>