Before the introduction of the Euro many observers had expected an increase of inflationary pressures due to a de-coordination-shock to national wage bargaining. However, if anything systematically happened after the introduction of the Euro wage restraint increased (Posen and Gould 2006). A...

The introduction of the euro had been accompanied by expectations of increased inflationary pressures due to a de-coordination shock to national wage bargaining systems. Though, if anything systematically happened after the introduction of the euro, wage restraint increased. This paper argues...

Der Postkeynesianismus (PK) befindet sich in einer kritischen Phase. Postkeynesianische ÖkonomInnen haben es in einem zunehmend feindlichen Klima an den Universitäten geschafft, sich in Nischen zu etablieren. Gleichzeitig hat aber auch eine interne Differenzierung des Mainstream stattgefunden....

Post Keynesian Economics (PKE) is at a cross road. The academic climate at universities has become more hostile to survival and the mainstream has become more diverse internally. Moreover, a heterodox camp of diverse groups of non-mainstream economists is forming. The debate on the future of PKE...

This paper explores the nexus between uncertainty and credit restrictions. A Post Keynesian approach to an explanation of access rationing to credit is developed and contrasted with the dominant relationship lending school. It is argued that access rationing to credit has be understood in terms...

The paper builds on the Marxist concept of exploitation to explore the meaning of the Post Keynesian notion of uncertainty. Uncertainty is mediated by institutions and is distributed unevenly among different social groups. As different historical social formations entail different institutional...

Post-Keynesian Economics (PKE) is at the crossroads. Post-Keynesians (PKs) have become effectively marginalized; the academic climate at universities has become more hostile to survival and the mainstream has become more diverse internally. Moreover, a heterodox camp of diverse groups of...