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A neo-Kaleckian model of capital accumulation, income distribution and financial fragility
Ribeiro, Rafael Saulo Marques; Palludeto, Alex Wilhans … - In: Economia : revista da ANPEC 17 (2016) 3, pp. 279-290
the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate …
Persistent link: https://www.econbiz.de/10011865748
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Capital accumulation, profitability, and crisis : neoliberalism in the United States
Bakir, Erdogan - In: Review of radical political economics 47 (2015) 3, pp. 389-411
Persistent link: https://www.econbiz.de/10011337535
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Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system
Hein, Eckhard - 2016
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
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After the financial crisis : reforms and reform options for finance, regulation and institutional structure
Herr, Hansjörg - 2016
The finance dominated type of capitalism that has developed from the late 1970s and early 1980s on finds its nucleus in the deregulation of the national and international financial system and the switch to a shareholder oriented corporate governance system. Other aspects such as labour market...
Persistent link: https://www.econbiz.de/10011449136
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Financialization and the crises of capitalism
Dünhaupt, Petra - 2016
as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of … term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
Persistent link: https://www.econbiz.de/10011459373
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Money manager capitalism and the global financial crisis
Wray, L. Randall - 2009
This paper applies Hyman Minsky’s approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to...
Persistent link: https://www.econbiz.de/10003943049
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Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Hein, Eckhard - 2011
stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment …
Persistent link: https://www.econbiz.de/10009550322
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The financial crisis viewed from the perspective of the "social costs" theory
Wray, L. Randall - 2011
This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....
Persistent link: https://www.econbiz.de/10008933474
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Minsky's money manager capitalism and the global financial crisis
Wray, L. Randall - 2011
The world's worst economic crisis since the 1930s is now well into its third year. All sorts of explanations have been proffered for the causes of the crisis, from lax regulation and oversight to excessive global liquidity. Unfortunately, these narratives do not take into account the systemic...
Persistent link: https://www.econbiz.de/10008933495
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Financialisation, distribution, growth and crises : long-run tendencies
Hein, Eckhard; Dodig, Nina - 2014
financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of … financialisation, short- to medium-run dynamic 'profits without investment' regimes may emerge, which can be driven by flourishing …
Persistent link: https://www.econbiz.de/10010242861