as industry failed to match the increase in labour flexibility with rising capital investment. …This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital … constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data …

identified - the power of capital over labour, the rise of 'oligarchs capitalism', the individualisation of economic conditions …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been … particularly severe in services as opposed to industry. Third, misallocation of both labour and capital dropped in all countries in …

capitalists want a recovery; how else can they prosper? According to the textbooks, both mainstream and heterodox, capital …

opinion, the sharp “U-turn” in Israeli history is intimately linked to the changing nature of capital accumulation and …

neoclassical economics is the util. The elementary particle of classical Marxism is abstract labour. These elementary particles …, capitalism should be seen not as a mode of production, but a mode of power. From a viewpoint of power, utils and abstract labour …