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politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory …
Persistent link: https://www.econbiz.de/10011646688
The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of … inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be …, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …
Persistent link: https://www.econbiz.de/10011646704
with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about … mainly on two important contributors – Mancur Olson and Thorstein Veblen. The first based his theory on neoclassical …
Persistent link: https://www.econbiz.de/10011647601
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010283965
Persistent link: https://www.econbiz.de/10011385033
Persistent link: https://www.econbiz.de/10011385122
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10011605220
In this paper we demonstrate that the Post-Keynesian Two-Gap Model merits its destiny as a ghost in economic discussions not only as a result of the well-known neoclassical criticism on its assumptions but also because of its general inconsistency. If adjusted for this inconsistency the Two-Gap...
Persistent link: https://www.econbiz.de/10011918468
Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China. This paper argues that the failure is due to the viability assumption in neoclassical economics. Neoclassical economics implicitly assumes that a firm is expected to earn a...
Persistent link: https://www.econbiz.de/10011470722
eine Gegenüberstellung der neoklassisch-wohlfahrtsökonomischen Theorie des Föderalismus einerseits und des mit dem Namen …
Persistent link: https://www.econbiz.de/10011698428