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The Macroeconomics of Financialization: A Stages of Development Approach.
Palley, Thomas I. - In: EKONOMIAZ 72 (2009) 03, pp. 34-53
This paper explores the concept of financialization using a «stages of development» approach. The paper develops a stylized history of financialization and tracks its evolution through different stages since the end of World War II. The paper tracks this history using a simple Kaleckian...
Persistent link: https://www.econbiz.de/10008919609
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La macroeconomía de la ‘financiarización’: un enfoque de etapas del desarrollo.
Palley, Thomas I. - In: EKONOMIAZ 72 (2009) 03, pp. 34-53
This paper explores the concept of financialization using a «stages of development» approach. The paper develops a stylized history of financialization and tracks its evolution through different stages since the end of World War II. The paper tracks this history using a simple Kaleckian...
Persistent link: https://www.econbiz.de/10008919624
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Gattopardo economics : the crisis and the mainstream response of change that keeps things the same
Palley, Thomas I. - 2013
Gattopardo constitutes change that keeps things the same. Gattopardo is relevant for understanding the economics profession's response to the financial crash of 2008. This paper explores gattopardo economics as it applies to the issues of the macroeconomics of income distribution; the global...
Persistent link: https://www.econbiz.de/10009746977
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The middle class in macroeconomics and growth theory : a three class neo-Kaleckian-Goodwin model
Palley, Thomas I. - 2013
This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management … with both capitalists and workers. Changes that benefit the middle class do not necessarily increase growth or employment …
Persistent link: https://www.econbiz.de/10010240799
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Gattopardo economics : the crisis and the mainstream response of change that keeps things the same
Palley, Thomas I. - In: European journal of economics and economic policies : … 10 (2013) 2, pp. 193-206
Persistent link: https://www.econbiz.de/10010199530
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Rethinking wage vs. profit-led growth theory with implications for policy analysis
Palley, Thomas I. - 2014
The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has … shareholder income. Increasing workers' wage bill share increases growth and capacity utilization regardless of whether the …Die Unterscheidung von Lohn- und Profit-getriebenem Wachstum (profit-led bzw. wage-led growth) ist ein wesentlicher …
Persistent link: https://www.econbiz.de/10010458230
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Gattopardo economics: the crisis and the mainstream response of change that keeps things the same
Palley, Thomas I. - In: European Journal of Economics and Economic Policies: … 10 (2013) 2, pp. 193-206
Gattopardo constitutes change that keeps things the same. Gattopardo is relevant for understanding the economics profession's response to the financial crash of 2008. This paper explores gattopardo economics as it applies to the issues of the macroeconomics of income distribution; the global...
Persistent link: https://www.econbiz.de/10014363174
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Gattopardo economics: The crisis and the mainstream response of change that keeps things the same
Palley, Thomas I. - 2013
Gattopardo constitutes change that keeps things the same. Gattopardo is relevant for understanding the economics profession's response to the financial crash of 2008. This paper explores gattopardo economics as it applies to the issues of the macroeconomics of income distribution; the global...
Persistent link: https://www.econbiz.de/10010460535
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The middle class in macroeconomics and growth theory: A three class neo-Kaleckian - Goodwin model
Palley, Thomas I. - 2014
This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management … with both capitalists and workers. Changes that benefit the middle class do not necessarily increase growth or employment …
Persistent link: https://www.econbiz.de/10010460551
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Rethinking wage vs. profit-led growth theory with implications for policy analysis
Palley, Thomas I. - 2014
The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has … shareholder income. Increasing workers' wage bill share increases growth and capacity utilization regardless of whether the …
Persistent link: https://www.econbiz.de/10010460566