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The interaction of oil exports from the Middle East in the 1970s with arms imports to this region has drawn attention from several researchers. The existing literature, however, is seriously flawed for it ignores the large corporate players whose actions synchronize the two flows of income and,...
Persistent link: https://www.econbiz.de/10011645014
This chapter outlines the main problems of capital theory, key issues which need to be resolved, and the way in which an alternative concept of capital may affect the future evolution of IPE. Briefly, existing theories of capital can be classified into three groups, based on their relationship...
Persistent link: https://www.econbiz.de/10011646693
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 understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
/methodology/approach: The paper builds upon the institutional economics of Thorstein Veblen and the tektology of Alexander Bogdanov. Tektology …
Persistent link: https://www.econbiz.de/10012140685
The purpose of this paper is to provide an exposition of Veblen's and Minsky's views on the financial markets and to …, nonneutral and influence 'real' economic performance. I argue that if Veblen's institutional logic in his business enterprise …
Persistent link: https://www.econbiz.de/10014363161
based on Keynes's asset choice model within the context of Minsky's cycle and the Institutionalist approach of Veblen …
Persistent link: https://www.econbiz.de/10014363165
After the disintegration of the Soviet Union, the Central Asian countries have been faced with numerous development challenges in agriculture, especially those related to water use. Well-intentioned foreign donors and development agencies have stepped in to support local farmers, research...
Persistent link: https://www.econbiz.de/10011738185
Hilferding, Thorstein Veblen, and John Maynard Keynes - and later by John Kenneth Galbraith. In an important sense, over the past …
Persistent link: https://www.econbiz.de/10010281722
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …
Persistent link: https://www.econbiz.de/10010286499
of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are … finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky - provides the …
Persistent link: https://www.econbiz.de/10010286502