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Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism

Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021

We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...

Persistent link: https://www.econbiz.de/10012696153

The limits to profit-wage redistribution : endogenous regime shifts in Kaleckian models of growth and distribution

Köhler, Kasper - 2018

relation between functional income distribution and demand and growth, because the size of the multiplier is affected by …

Persistent link: https://www.econbiz.de/10011938664

Varieties of demand and growth regimes - post-Keynesian foundations

Hein, Eckhard - 2022

We review post-Keynesian contributions to demand and growth regime analysis. First, we distinguish the Kalecki-Steindl approach and the Sraffian supermultiplier approach as relevant theoretical foundations for demand and growth regime research, with investment-driven and distribution-led growth...

Persistent link: https://www.econbiz.de/10013459951

Financialisation and the potentials for a progressive equality-, sustainability- and domestic demand-led regime : a post-Keynesian simulation approach

Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - 2022

In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...

Persistent link: https://www.econbiz.de/10013393481

Financialisation, distribution, growth and crises : long-run tendencies

Hein, Eckhard; Dodig, Nina - 2014

In this paper we review the empirical and theoretical literature on the effects of changes in the relationship between the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution, growth, instability and crises. We take a macroeconomic...

Persistent link: https://www.econbiz.de/10010242861

Marx and Keynes : from exploitation to employment

Helmedag, Fritz - 2019

Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public sector and international trade it is shown that the labour theory of value provides a sound foundation to reveal the factors influencing employment. Workers buy "necessaries" out...

Persistent link: https://www.econbiz.de/10011954059

Kaleckian models of conflict inflation, distribution and employment : a comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt (1987), and the Hein (2023a) and...

Persistent link: https://www.econbiz.de/10014456520

The case for a job guarantee policy in Germany : a political-economic analysis of the potential benefits and obstacles

Landwehr, Jannik J. - 2020

As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic, socioeconomic, and individual level in a unique way and promote the social inclusion of the unemployed. This paper aims at analysing the potential obstacles - namely inflationary pressure...

Persistent link: https://www.econbiz.de/10012301007

Income distribution and the multiplier : an exploration of nonlinear distribution effects in linear Kaleckian distribution and growth models

Prante, Franz J. - 2019

In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to … certain conditions, an important consequence from the distribution-sensitive multiplier is that a higher wage share can have …-Kaleckian macroeconomic models. After a theoretical discussion on the implications of the distribution-sensitive multiplier in basic closed …

Persistent link: https://www.econbiz.de/10012060676

The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation

Gander, Sascha - 2019

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...

Persistent link: https://www.econbiz.de/10012063855