At the end of the 17th century capitalism had become the new social and economic order in northern Western Europe. Ever since the trading channels through which money and commodities change hands between the different agents, the actual sequence of these all-comprising monetary exchange...

The paper discusses briefly several long-run systems of production vis-à- vis alternative theories of value and distribution stated by Marx, classical- neoricardian, post-Leontief-neoclassical, and post-Keynes-Sra¤a authors during the last hundred and fifty years. All the systems of production...

Marx carried out the first full inquiry on the economics of the all-comprising circulation process of capital, first in Grundrisse in the late 1850s, and later in Capital and Theories of Surplus Value in the 1860s and the 1870s. Two substantial aspects are at the center of Marx´s analysis: (a)...

Keynes contents in General Theory that the monetary market logic of the aggregate real wage in the monetary production economy conveys: (i) the determination of the average real wage rate, the level of employment, and the possibility of involuntary unemployment through the interaction of the...

La tesis central del presente ensayo es que un proceso exitoso de desarrollo capitalista nacional en el contexto de un mercado mundial caracterizado por la existencia de múltiples monedas nacionales y dividido en países desarrollados hegemónicos del Primer Mundo y países subdesarrollados...

El artículo discute la indigencia y la pobreza a la luz de la teoría de la economía monetaria de producción en el entendido de que la explicación científica de estas dos cuestiones exige un argumento teórico de economía liberal que dé razón del carácter específico de la relación...

La tesis central de este trabajo es que un proceso exitoso de desarrollo capitalistanacional, en el contexto de un mercado mundial caracterizado por la existenciade múltiples monedas nacionales y dividido en países desarrollados hegemónicosdel Primer Mundo y países subdesarrollados...

Violence has severe material and psychological consequences. In this article we explore if it also induces hopelessness and pessimistic prospects of upward mobility. For this purpose, we bring together novel data from a sample of individuals residing in violence-torn regions in Colombia,...

Since 2002 the ACCES credit for higher education has financed more than 280,000 students. Prior evaluations have shown evidence as to its positive effect on the academic performance and the reduction in the dropout rates of the recipients. Nevertheless, no evidence exists so far on the effect...

Determinar la relación entre las tasas de cobertura de acueducto y alcantarillado y la calidad del agua con la mortalidad infantil es clave para el diseño de políticas públicas que buscan mejorar las condiciones de vida de la población. El presente estudio encuentra que –para el caso de...