The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the … theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …

tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal …-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital …. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic …

’s understanding of the fundamental logic of derivatives with Jonathan Nitzan and Shimshon Bichler’s account of capital as power. Such … understanding of pricing as such, and to Land’s claim that risk-bearing vehicles and agencies tend to corrode the inherited social … Bichler’s understanding of capital qua absentee ownership, with its primary ordering mechanism of differential accumulation …

, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …

in turn are corrected for risk perceptions and discounted by the normal rate of return. Differential capitalization … elementary particles that comprise differential accumulation – future earnings, hype, risk and the normal rate of return. It …

a financial institution’s economic capital. Based on a numerical simulation model, we provide concrete examples of how … granularity affects capital levels. We achieve this by following two simulation approaches, including a dynamic setup as a more … estimated amount of capital and account for it in their pricing. …

business interests wanting to reduce risk. The ambiguity of risk in this story – is it financial risk or is it aesthetic risk …? – is a helpful shortcut to understanding what reducing risk means for those who have control over the industrial art of … filmmaking. When the Hollywood film business is estimating its future earnings, risk perceptions account for the possibility that …

This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital … for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s … as industry failed to match the increase in labour flexibility with rising capital investment. …