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Conflict as a closure: A Kaleckian model of growth and distribution under financialization
Raghavendra, Srinivas; Piiroinen, Petri T. - 2019
In this paper, we show how the conflict between the shareholders (owners) and managers of firms in terms of profit rates generates dynamics between growth and distribution that results in a long-run variation in the capacity utilization rate. The model developed here generates oscillations in...
Persistent link: https://www.econbiz.de/10012041675
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The Drain Gain: An investigation into how colonial drain helped keep British economy buoyant
Bora, Kabeer - 2023
The global hegemony of Britain in the 19th century is hardly a disputed fact. As a global hegemon, it oversaw the transfer of surplus from the underdeveloped world to its shores. The transfer of surplus was important in maintaining its status as a hegemon. In this essay, I underline the need for...
Persistent link: https://www.econbiz.de/10014581867
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Is there any relationship between the rates of interest and profit in the U.S. economy?
Mendieta-Muñoz, Ivan - 2014
This paper studies the empirical relationship between the Federal funds effective rate and the rate of profit or profit-to-capital ratio in the U.S. economy. The linkages between these two variables are studied: 1) at business-cycle frequencies using various filters and employing...
Persistent link: https://www.econbiz.de/10011445277
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Principles of capitalistic commodity production
Helmedag, Fritz - In: Intervention. European Journal of Economics and … 09 (2012) 1, pp. 23-34
The causal structure of capitalistic commodity production can be revealed by notionally separating total output into two categories: 'necessaries' bought by employees, and the rest constituting society's surplus. The rate of profit is determined in the wage good industry and becomes the system?s...
Persistent link: https://www.econbiz.de/10014363137
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Principles of capitalistic commodity production reconsidered
Reich, Jens - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 274-281
Helmedag (2012) derives effects on employment caused by changes in (a) uncompensated wage hours, (b) output, (c) productivity, and (d) a combination of the latter two. His results are derived from a linear two-sector model. His closure of the model is based on the determination of the profit...
Persistent link: https://www.econbiz.de/10014363182
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Principles of capitalistic commodity production: a rejoinder
Helmedag, Fritz - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 282-285
Reich (2013) recapitulates my model (Helmedag 2012a) incorrectly. Above all, he mixes up exogenous with endogenous variables. Moreover, Reich's interpretation of the system's dynamics is on the one hand formally insufficient; on the other hand, matters are presented in a more complicated way...
Persistent link: https://www.econbiz.de/10014363183
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Punishment fosters efficiency in the minimum effort coordination game
Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10010291833
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Upgrading in Agricultural Value Chains: The Case of Small Producers in Honduras
Fromm, Ingrid - 2007
possibility to acquire new skills and knowledge. The type of trust relationship and coordination pattern can determine how …
Persistent link: https://www.econbiz.de/10010293529
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Coordination in Evolving Networks with Endogenous Decay
Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009
direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network … risk-dominance play a crucial role in the long-run behavior of the system. …
Persistent link: https://www.econbiz.de/10010294802
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Gender, competition and the efficiency of policy interventions
Balafoutas, Loukas; Sutter, Matthias - 2010
Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...
Persistent link: https://www.econbiz.de/10010294806