This paper argues that interest on consumer debt must be taken into account when measuring poverty and inequality. These interest payments cannot be used to support household living standards. This makes middle- and low-income households worse off. Recent increases in consumer debt means that...

Keynes taught us in The General Theory that neither economic depressions nor fluctuations were inevitable. If nothing is done, these problems would continue. However, by the judicious employment of economic policies, these problems could be mitigated, if not totally remedied.

Purpose – This paper seeks compare the current financial and economic problems with the problems facing the world economy in the 1930s. Design/methodology/approach – The paper argues that the Great Depression and the current problems have similar causes – excessive speculation, leading to...

Argues that while an expenditure tax would increase the complexity and administrative burdens of taxation, these problems are not overwhelming. The problems which have led others to conclude that an expenditure tax is infeasible, or would result in gross inequities, are ot insuperable. At worst...

This text highlights the major empirical questions and issues facing Post Keynesian economics today. Featuring contributions by leading Post Keynesian economists, it focuses on public policy and real-life analysis of this vibrant and dynamic economic theory. In language that is accessible to...

This book examines the role and function of the state in contemporary economics from a number of diverse economic perspectives, including Austrian, feminist, institutionalist, Marxian, radical and Post Keynesian.