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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
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
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
Given the empirical evidence showing the crucial role of income distribution and excessive consumption of richer households in determining greenhouse gas emissions, understanding their connection becomes especially important. Building on the distinction between subsistence and luxury emissions,...
Persistent link: https://www.econbiz.de/10015130198
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
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
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
made with or without coordination between local jurisdictions and provide a computational feasible way to solve the …
Persistent link: https://www.econbiz.de/10013351829
The study investigates the level of coordination between the fiscal and monetary authorities in the WAMZ countries and … coordination in the Zone. The empirical analysis uses annual data for the period 1980 - 2011. Under the STA, coordination exists … when shocks to policy goals elicit prudent policy responses. In the case of the VAR, the strength of coordination is …
Persistent link: https://www.econbiz.de/10013362874
Disasters mobilize hundreds of organizations, but coordination among them remains a challenge. This is why the United …, coordination failures in prior disasters raise questions as to the effectiveness of the cluster approach in coordinating relief … efforts. To better understand barriers to coordination, we developed a grounded theory and augmented the theory with an agent …
Persistent link: https://www.econbiz.de/10013382240