Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...

In this paper, I investigate the phenomenon of long waves of capitalist development from two perspectives. First, I look for evidence of long waves of economic growth taking the dates for turning points of long waves from the historical literature (Mandel, 1995). Using historical data for 20...

This paper proposes that one major explanation of growing inequality in the United States (US) is through the use of the concept of economic surplus. The economic surplus is a neo-Marxian term which combines the traditional Marxian tenet of surplus value with other ways that surplus value can be...

This essay features on the global relevance of the political economy of the French political economist Paul Boccara from the viewpoint of quantitative international political economy. Our aim is to draw international attention to the fact that Boccara’s political economy is part and parcel of...

This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and published in Lives of the Laureates (MIT Press). A goal of the lecture series is to enhance understanding of the link between biography...

This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and published in Lives of the Laureates (MIT Press). A goal of the lecture series is to enhance understanding of the link between biography...

This review assesses the evolution of economic geography over the past two decades, picking up where Scott's (2000) intellectual history of the field's “great-half century” ends. It is part retrospective and prospective; as such, it aims beyond a historical review to outline some ideas about...

Public choice economics, like most economics, typically assigns only a small role to various forms of talk between individuals. By contrast, throughout Richard Wagner's oeuvre, there is an undercurrent of talk about talk. This essay argues that talk matters because of two key assumptions in...

The ‘societal crisis of the present' (Gesellschaftskrisis der Gegenwart) is defined by the German neoliberals Eucken, Röpke and Rüstow as a state of ‘massification' (Vermassung), proletarianization and disintegration – accompanied by a far-reaching moral decadence, an ethical nihilism...