Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...

The last three decades have witnessed the emergence of a new species of capitalism. In spite of marked differences between its national varieties, a common characteristic of this species can be found in the global monopolisation of knowledge. This monopolization involves hierarchical relations...

The last three decades have witnessed the emergence of a new species of capitalism. In spite of marked differences among its different national varieties, a common characteristic of this species can be found in the global monopolization of knowledge. This monopolization involves hierarchical...

Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...

This paper analyzes Neoliberalism in the US economy with a view to identifying the effects of Neoliberalism on macroeconomic performance since 1990, underlying problems with the structure of the Neoliberal economy, and the effects of Neoliberalism on the economic consequences of the COVID-19...

Ever since Goldin (1995) proposed the idea that there is a U-shaped female labor force participation rate function in economic development, empirical research is stunned by the question why the countries of the Middle East and North Africa (MENA) are characterized by such low rates of female...

When jobs offered by different employers are not perfect substitutes in the minds of workers, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply that each employer faces. Estimates of this parameter reported by the literature vary...

The process leading to the setting of the minimum wage so far has been fairly overlooked by economists. This paper suggests that this is a serious limitation as the setting regime contributes to explain cross-country variation in the fine-tuning of the minimum wage, hence in the way in which the...

The spread of non-standard forms of employment in industrialised and developing countries over the last decades has prompted an extensive debate on how to reshape labour regulation to accommodate these new formats. However, limited attention has been devoted to the access of non-standard workers...

The traditional theoretical view of minimum wage laws is that, because labor markets are competitive, the laws hurt employment while delivering little benefit to workers as a group. Empirical research has generally supported this view, finding that minimum wage increases are followed by...