Aggregate labor productivity is a central indicator of an economy's economic development and a wellspring of living standards. Somewhat controversially, many macroeconomists see productivity as a primary driver of fluctuations in economic activity along the business cycle. In some countries, the...

For more than a century, political economists have sought to understand the nature of capital. The prevailing wisdom is that there must be something ‘real’ – some productive capacity – that underpins capitalized values. This thinking, I argue, is a mistake. Building on Jonathan Nitzan...

This article explores the relationship between degrowth and the theory of Capital as Power (CasP), aiming to understand how socio-ecological transformations can unfold against capitalist power dynamics. While degrowth scholars have largely overlooked this perspective on capital, CasP argues that...

It turns out that like the rest of us, billionaires experience wealth inequality. (Individuals who top the Forbes billionaire list are far richer than those at the bottom of the list.) Interestingly, this billionaire wealth concentration fluctuates over time … in tight correlation with the...

В статье рассматривается международная кластерная политика стран Балтийского региона с целью выявления предпосылок зарождения международных кластеров....

Die europäische Krise wurde bisher vor allem unter dem Stichwort “Spielarten des Kapitalismus“ in der Wissenschaft diskutiert. Das Erklärungspotenzial von unterschiedlichen Wirtschaftskulturen in Nord und Südeuropa wurde hingegen vernachlässigt. Dieser Beitrag untersucht die...

Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects this reality; and that, unfortunately, the...

According to mainstream thinking, efficiency is a potent tool for conservation — a way to live better while using fewer resources. Unfortunately, this simple narrative is contradicted by overwhelming evidence. Instead of spurring conservation, efficiency seems to stimulate the consumption of...

This paper estimates and decomposes multidimensional poverty in 82 natural regions in India using unit data from the Indian Human Development Survey (IHDS), 2011-12. Multidimensional poverty is measured in the dimensions of health, education, living standard and household environment using eight...

The aim of the present paper is twofold. We first give an overview of the multi-faceted construct of career success with its 'objective' (real attainments) and 'subjective' (perceived attainments) components and with the different methodologies measuring them ('subjectivist' vs. 'objectivist'...