The term 'financialisation' is a recognition that finance has come to play a key role on the modern capitalist economy. But users of the term do not agree on its meaning and recognition of the growing scale of finance has not brought about an increased understanding of financial processes. The...

This paper revisits some of the issues originally put forward by the author as the theory of capital market inflation, in the book The End of Finance (Toporowski 2000). The paper makes much clearer the key assumptions and relationships between the operations of the capital market dominated by...

Recent international opinions on China and world development have focused on the Sino-US economic nexus. The neo-liberal theory of "China causing global imbalances" claims that the particular way through which China has integrated itself into the world market is to the detriment of the economies...

The purpose of this paper is to examine the sources of strengths and weaknesses in competitiveness of Japanese firm organisations, which form a certain mode of coordination for the division of labour between or within firm organisations. Japanese firms also employ economic institutions...

This Paper considers the determinants of male and female pay in the public and private sectors by estimating a joint model of sector allocation and wage determination using cross-sectional data from the Egyptian 1987 and 1997 labour force surveys. The results points to the profound impact of the...

The modernisation paradigm is here tested and found wanting in a very particular context; the experience of the migrant. Women in South Asia have a biologicall abnormal chance of mortality from conception until their mid-30s. This phenomenon is thought to be related to a range of economic and...

This paper inspects the statement found in macroeconomic text books that under a flexible exchange rate regime with perfectly elastic capital flows monetary policy is effective and fiscal policy is not. The logical validity of the statement requires that the domestic price level effect of...

The monetary theory of Kalecki and Minsky is usually placed within the Post-Keynesian tradition, deriving from the monetary analysis of John Maynard Keynes. The paper argues that Kalecki and Minsky shared a common inheritance in Swedish and German monetary theory, rather than the Marshallian...