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Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
The days of buoyant capital investment, jobs, and wealth are passing Alberta by as the boom-and-bust cycle runs its … how a provincial sales tax can and should be implemented. They examine energy revenues, household incomes, and political … support as well as opportunities for improving democracy and reducing the volatility of government revenues. Finally, this …
Persistent link: https://www.econbiz.de/10014458109
well-being using micro-data from the German wealth survey, Panel on Household Finances - PHF, for 2010 and 2014. Using … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …Wealth in addition to income determines to a large degree an individual's consumption opportunities and economic …
Persistent link: https://www.econbiz.de/10013175976
Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism – either in detail or in the aggregate – and the policies...
Persistent link: https://www.econbiz.de/10012793227
A game between a representative household and a government was analyzed. The household chose which fractions of two … the national currency eventually induced the government to tax that currency more than the global currency. The household …. The household was less (more) likely to tax evade on the national (global) currency if the government valued taxation and …
Persistent link: https://www.econbiz.de/10013200096
(accounting for the government's interest) and a representative household choosing to consume, hold CBDC, or hold non-CBDC. The … central bank chooses negative interest rate when it realizes that the household is willing to pay the central bank for holding … CBDC. The household pays the negative interest rate because of its Cobb Douglas preferences whereby it values holding CBDC …
Persistent link: https://www.econbiz.de/10015074061
There is a need to identify household debt behaviour in different age cohorts even in countries without prominent … household debt problems so that the measures for vulnerable groups can be made. Authors used multilevel mixed effect analysis to …-2013) based on stratified sampling design was used. Household debt in mature workers was higher than youth whereas debt of older …
Persistent link: https://www.econbiz.de/10011988848
The paper analyses the accounting relationships between the financial and the real economy. It will be shown that accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will argue that there is much confusion about key...
Persistent link: https://www.econbiz.de/10010460525
This paper argues that high political competition does not necessarily induce policy makers to perform better as previous research has shown. We develop a political economy model and we show that when political competition is tight, and elected politicians can rely on more tax instruments, they...
Persistent link: https://www.econbiz.de/10010292696
, allowing it to explain some so far little understood differences between markets and government. The policy implications … strengthen the case against national planning, selective industrial policies, and government ownership of enterprises, but weaken …
Persistent link: https://www.econbiz.de/10010296215