Volume LV/Fourth Issue of the Public Finance Quarterly, as a quasi thematic edition, contained five articles focusing on the recent financial crisis. The topic of our paper is also the crisis; without concentrating on individual countries or groups of countries, we focus on the world economy and...

The appearance of the joint stock company has made unlimited consolidation of capital possible, but capital ownership and capital operation became separated as a result. From the very beginning, the goal was to protect ownership interests and limit management interests. In order to better...

Into an analytical stock-flow consistent postkaleckian distribution and growth model the following transmission channels of ‘financialisaton’ are integrated. 1. ‘Financialisation’ is assumed to affect distribution between firms and rentiers in the short run, and distribution between...

Financialisation of advanced capitalist economies during the last three decades represents expansion of the sphere of circulation, while the sphere of production has continued to face difficulties of profitability and productivity growth. In the course of financialisation, relations between...

Financialisation of advanced capitalist economies during the last three decades represents expansion of the sphere of circulation, while the sphere of production has continued to face difficulties of profitability and productivity growth. In the course of financialisation, relations between...

Into an analytical stock-flow consistent postkaleckian distribution and growth model the following transmission channels of ‘financialisaton’ are integrated. 1. ‘Financialisation’ is assumed to affect distribution between firms and rentiers in the short run, and distribution between...