Bródy's conjecture regarding the instability of economies is submitted to an empirical test using input--output flow tables of varying size for the US economy, for the benchmark years 1997 and 2002, as well as for the period 1998--2011. The results obtained using input--output tables of various...

Chapter 1. Introduction -- Chapter 2. Methodology and its Use in Economics -- Chapter 3. The Origins of Economic Theory -- Chapter 4. Adam Smith’s Wealth of Nations -- Chapter 5. David Ricardo’s Principles of Political Economy -- Chapter 6. Karl Marx’s Das Kapital -- Chapter 7. The...

This paper develops a method for the estimation of the rate of capacity utilization based on standard growth theory and the Structural VAR estimating technique. The measures of capacity utilization we derive for the US and Canadian economies are compared with widely-used survey measures. We show...

The objective of this paper is to evaluate empirically the relevance of the neoclassical, post-Keynesian, and classical theories of competition in the light of the available empirical evidence from Greek large-scale manufacturing industries. The econometric analysis shows that the classical and...

This paper subjects to empirical testing the labour theory of value using input-output data from the economy of Japan for the years 1970, 1975, 1980, 1985 and 1990. The results of the analysis show that labour values and prices of production are extremely good approximations to market prices. In...

Comments on a paper by B.Fine on the subject of Privatisation

This paper explores the extent to which markups of selected Greek manufacturing industries are affected by the high level and variability of the inflation rate using annual industry data from the period 1958-1990. In addition, it is examined whether or not the state of demand, current or future,...