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Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model

Hein, Eckhard - 2008

setting in the medium run. 2. Firms' investment is affected through a 'management's preference channel' and an 'internal means …

Persistent link: https://www.econbiz.de/10003836933

Money manager capitalism and the global financial crisis

Wray, L. Randall - 2009

This paper applies Hyman Minsky’s approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to...

Persistent link: https://www.econbiz.de/10003943049

Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model

Hein, Eckhard - 2011

stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment …

Persistent link: https://www.econbiz.de/10009550322

Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system

Hein, Eckhard - 2016

The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Persistent link: https://www.econbiz.de/10011431645

Financialisation, distribution, growth and crises : long-run tendencies

Hein, Eckhard; Dodig, Nina - 2014

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of … financialisation, short- to medium-run dynamic 'profits without investment' regimes may emerge, which can be driven by flourishing …

Persistent link: https://www.econbiz.de/10010242861

Financial, economic and social systems : French Regulation School, Social Structures of Accumulation and Post-Keynesian approaches compared

Hein, Eckhard; Dodig, Nina; Budyldina, Natalia - 2014

This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...

Persistent link: https://www.econbiz.de/10010242863

Financialization and the crises of capitalism

Dünhaupt, Petra - 2016

as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of … term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …

Persistent link: https://www.econbiz.de/10011459373

A Minskyan criticism on the shareholder pressure approach of financialisation

Dögüs, Ilhan - 2016

In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial … will be criticized based on a Minskyan understanding of investment. It will be put forward that, reinvestment of profits in …

Persistent link: https://www.econbiz.de/10011515275

Inequality of income and wealth in the long run : a Kaldorian perspective

Ryoo, Soon - 2015

The paper examines the determinants of income and wealth inequality in a Kaldorian model where the profit share adjusts to clear the goods market and the long-run output-capital ratio is constant. The approach is radically different from both the mainstream approach that stresses properties of...

Persistent link: https://www.econbiz.de/10011522149

Rethinking wage vs. profit-led growth theory with implications for policy analysis

Palley, Thomas I. - 2014

The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has triggered an extensive econometric literature aimed at identifying whether economies are wage or profit-led. That literature treats the economy's character as exogenously given. This...

Persistent link: https://www.econbiz.de/10010458230