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Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, L. Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
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Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, L. Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010530034
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Monopoly Capital and Innovation : An Exploratory Assessment of R&D Effectiveness
Lambert, Thomas E. - 2018
This research note performs some limited empirical assessments of the Baran and Sweezy (1966) contention that most research and development (R&D) efforts in the US are “wasted” at the macroeconomic level in that as R&D succeeds by absorbing a little of the excess economic surplus generated...
Persistent link: https://www.econbiz.de/10012909586
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Financing the Capital Development of the Economy : A Keynes-Schumpeter-Minsky Synthesis
Mazzucato, Mariana - 2015
Persistent link: https://www.econbiz.de/10013023068
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Managing the discontent of the losers redux : a future of authoritarian neoliberalism or social capitalism?
Setterfield, Mark - 2024
Neoliberalism eviscerated the value-sharing ethos of the post-war Golden Age (1945-73), seeking to maintain social cohesion in civil society by 'managing the discontent of the losers'. This involved reconciling working households to the realities of the neoliberal labour market by means of...
Persistent link: https://www.econbiz.de/10014529505
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WHY CAPITALISM SURVIVES CRISES: THE SHOCK ABSORBERS
Zarembka, Paul (contributor) - Department of Economics, State University of New …
[Part I] The leading part of this volume, authored by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of...
Persistent link: https://www.econbiz.de/10011189209
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Mouvements de masse et organisations de classe en Amérique Latine aujourd'hui. ALBA, sortie du FMI, BancoSur et "socialisme du XXIe siècle".
Vasapollo, Luciano; Herrera, Rémy - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
This paper analyses both the recent transformations of capitalism in Latin America and the popular resistances of mass movements and class organizations. The revolutionary progresses observed on this continent are also examined, in particular the failure of the FTAA, the opening of the ALBA, the...
Persistent link: https://www.econbiz.de/10005696751
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A Comparative Study of the Major Economic Systems in the aftermath of the Great Recession
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2009
This paper compares the fundamental postulates of major economic systems i.e. Capitalism, Socialism, Mixed economy (a … hybrid of Capitalism and Socialism) and the Islamic economic system. It identifies through a review of theoretical economics …. Socialism promises to create heaven on earth, but takes fundamental human rights and profit motive away and in the extreme case …
Persistent link: https://www.econbiz.de/10008497696
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The environmental aspect of “Making People Rich as the Top Priority” in China : a Marxian perspective
Faber, Malte; Petersen, Thomas - 2012
Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution is even worse with 0.61. These disparities led to a major shift in emphasis of politics in general and of the Five-Year Plan for National Economic and Social Development by the...
Persistent link: https://www.econbiz.de/10009526191
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The Heckscher-Ohlin-Samuelson model and the Cambridge capital controversies
Kurose, Kazuhiro; Yoshihara, Naoki - 2016
This paper examines the validity of the factor price equalisation theorem (FPET) in relation to capital theory. Additionally, it presents a survey of the literature on Heckscher-Ohlin-Samuelson (HOS) models that treat capital as a primary factor, beginning with Samuelson (1953). Furthermore,...
Persistent link: https://www.econbiz.de/10011522208