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This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...
Persistent link: https://www.econbiz.de/10010242863
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …
Persistent link: https://www.econbiz.de/10012213998
growth. On the one hand, we address modelling approaches in which a distinction is made between managers and workers, where … neo-Kaleckian distribution and growth model with wage inequality, which allows for different medium-run demand regimes in …
Persistent link: https://www.econbiz.de/10011929194
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011790517
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission …
Persistent link: https://www.econbiz.de/10003836933
, growth, instability and crises. We take a macroeconomic perspective and examine four channels of transmission of …
Persistent link: https://www.econbiz.de/10010242861
In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …
Persistent link: https://www.econbiz.de/10003744529
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Österreich …We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for …
Persistent link: https://www.econbiz.de/10003744536