Despite his emphasis on the speculative character of investment decisions, Minsky paid little attention to asset price speculation per se, ignoring asset price bubbles and their macroeconomic effects. That is perhaps because his views were formed during the era of financial regulation, when...

The essay argues that a crisis of collective agency is at the root of the global economic crisis we face today. The secret of prosperous capitalism, the so-called golden age, was the ability of the state to uniformly impose welfare enhancing market restrictions that made it possible to husband...

Do we truly understand the sources of America's credit crisis? In a thorough telling of the history of foreign currency flows, these two economists persuasively assert that global imbalances, poorly managed, were the true source of the problem. If so, the solution is not merely guaranteeing bank...

In a simple theoretical exercise, the paper shows that gender relations matter in the standard analysis of trade liberalization and economic growth. It utilizes a model with the two differential equations phase diagram technique which enables us to examine the cumulative interaction between...

The paper discusses economic policy proposals and initiatives at a macroeconomic level that address the relationship between gender inequalities and economic liberalization policies. It argues that the world economy has not shown sustained growth rates or significant poverty reduction, nor has...

This paper clarifies why a transaction tax of the type proposed by James Tobin can have a stabilizing influence in financial markets. It argues that such a tax is potentially stabilizing, not because it reduces the "excessive" volume of transactions, but because it can slow the speed with which...