Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Objectives of the Review of Evolutionary Political Economy's 'Manifesto' and editorial proposals on world problems, complex systems, historico-institutional and corruption issues. [PDF]
Rev Evol Polit Econ, 2021 O'Hara PA.
europepmc +1 more source
Why is economic geography not an evolutionary science? Towards an evolutionary economic geography [PDF]
The paper explains the commonalities and differences between neoclassical, institutional and evolutionary approaches that have been influential in economic geography during the last couple of decades.
Koen Frenken, Ron A. Boschma
core
Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, EarlyView.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source
Cooperative counter-hegemony, interregionalism and 'diminished multilateralism': the Belt and Road Initiative and China's relations with Latin America and the Caribbean (LAC). [PDF]
J Int Relat Dev (Ljubl), 2022 Rodríguez F, Rüland J.
europepmc +1 more source
Forum: Rethinking Neoclassical Realism at Theory's End
, 2020 Gustav Meibauer +6 more
openalex +2 more sources
Time to bury the zombie economics that led us into the crisis and produce more realistic, socially useful ideas [PDF]
, 2010 The effects of the global financial crisis make the headlines everyday in the UK and most of the developed world. Yet at the core of the financial and intellectual institutions that created the crisis, the meltdown of 2008 is already a distant memory ...
Quiggin, John
core
Metroeconomica, EarlyView.ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Research Agenda for Political Science in China in an Era of Great Change. [PDF]
Chin Polit Sci Rev, 2021 Yang G.
europepmc +1 more source
On the psychological basis of economics and social psychology [PDF]
Neoclassical economic theory, with its roots (partly) in the marginal revolution of the Nineteenth Century, has been the dominant paradigm for economic thought throughout most of the Twentieth Century?up to the present day.
Thomas E. Chamberlain
core