High non-wage employment persisting with high growth appears to be a paradox in capitalist development because commoditisation of labour power assuming the form of wage labour is specific to capitalism and the sole source of surplus value. This paper, drawing from various strands of Marxian...

This paper analyzes the valorization process in Chile, Japan, Netherlands and United States, estimating advanced constant and variable capital, turnover speed, capital composition and profit rate on total advanced capital. Furthermore, it analyzes the role of turnover speed in the valorization...

With this inquiry we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion. By relying upon vertical integration it becomes...

Institutions are usually defined as rules of the game. But if rules are dead letters without being enforced, then what is the role of destructive power in the genesis of institutions? This is the first question which will be addressed in the present paper. While the importance of incremental or...

This paper questions the existing notion of competition prevalent in economic theory. It is shown that the prevalent idea of competition is incompatible with economic development. Fair competition, this paper argues, ought to be understood in context. The paper ends by providing some preliminary...

It's interesting how an economic operator decides to depreciate its depreciable fixed assets, because depreciation is an expense input from the taxable profit in accordance with the laws in force, thus contributing to diminishing the operating profit/loss and implicitly the gross and net...

[ENGLISH]This work presents original results regarding the relationship between economic life and organised crime in Italy. This empirical study is underpinned by some theoretical insights drawn from conflict and rent-seeking theories. Then the paper presents a panel analysis including the...

The purpose of this paper is to present an extended version of the IS/LM model, with illegal economy and money laundering in a closed economy, which allows an macroeconomic analysis of the effects of this presence on short-term equilibrium. Without disregarding the FATF´s money laundering...

The rapid growth of substitutes for cash, particularly debit and credit cards, has led economists to predict the advent of the “cashless society”. Yet cash holdings in most developed economies continue to grow and in the U.S., per capita currency holdings now amount to $3000. This paper...

The Islamic Republic of Iran as one of the widest countries of Middle East and economic poles of southeast of Asia is neighbor of 7 foreign countries in grand. An important negative result of this fact is smuggling in border cities of Iran that is named undergrand or informal economy. In the...