Showing 1 - 10 of 2,073
This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … metallist theories of money. It will be shown that the origins and the evolution of money were closely intertwined with the rise … and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so …
Persistent link: https://www.econbiz.de/10010477576
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work … appears to be much deeper than that displayed three or four decades later by much of the post-Keynesian endogenous-money …
Persistent link: https://www.econbiz.de/10010462515
Persistent link: https://www.econbiz.de/10013370403
Persistent link: https://www.econbiz.de/10012618761
Persistent link: https://www.econbiz.de/10010517173
We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...
Persistent link: https://www.econbiz.de/10009751309
Given that well-being is a concave function of income, inequality is inefficient from a utilitarian perspective. This paper proposes a way to express the utilitarian benefit from redistributive reforms in terms of out- put, i.e. as a share of GDP. Three applications are presented: First, in nine...
Persistent link: https://www.econbiz.de/10011437927
This paper estimates the adjustment costs of the Trans-Pacific Partnership (TPP) on workers and compares these costs with the agreement's benefits. It also estimates the TPP's impact on the distribution of income across US households. Between 2017 and 2026, when most of the adjustment to the TPP...
Persistent link: https://www.econbiz.de/10011529147
This paper is meant to analyse the effects of labour market structural reforms by means of an agent-based model. Building on Dosi et al., (2016b) we introduce a policy regime change characterized by a set of structural reforms on the labour market, keeping constant the structure of the capital-...
Persistent link: https://www.econbiz.de/10011509121