Showing 1 - 10 of 46
integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
Persistent link: https://www.econbiz.de/10011565324
The paper offers a new theoretical framework for linking inflation and accumulation, with the Israeli experience as a case study. The focal point is the process of differential accumulation by the largest core firms. The theory of differential accumulation suggests that the relative power of...
Persistent link: https://www.econbiz.de/10011644557
This chapter outlines the main problems of capital theory, key issues which need to be resolved, and the way in which an alternative concept of capital may affect the future evolution of IPE. Briefly, existing theories of capital can be classified into three groups, based on their relationship...
Persistent link: https://www.econbiz.de/10011646693
analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like …
Persistent link: https://www.econbiz.de/10011891329
Elsewhere I argue that the legal concept of property was created in the image of money in the late Roman Republic. Since then, the division of property and contract has been an underlying structure of Western law. The paper argues that a main way of structuring financial corporate power,...
Persistent link: https://www.econbiz.de/10011907001
the role of uncertainty in complex capital investments plus the role of endogenous finance and taxes-drive money. These … approaches complement each other while they all centre on the core contradiction of industry versus finance and the need for a … dynamic, circuitous vision of finance capitalism (Lavoie 1992). …
Persistent link: https://www.econbiz.de/10009434804
In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of this estimation to examine the recent monetary...
Persistent link: https://www.econbiz.de/10009475410
account that begins instead with the cosmology of money and debt. We argue that finance capital's fixation on the future has … the contemporary subject to debt and indebtedness to the very end: an endless apocalypse, premised on the ends of finance …
Persistent link: https://www.econbiz.de/10013093406
Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism – either in detail or in the aggregate – and the policies...
Persistent link: https://www.econbiz.de/10012793227
Steve Keen's book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: "I regard Neoclassical economics as not merely a bad methodology for economic...
Persistent link: https://www.econbiz.de/10013468330