Results 111 to 120 of about 4,970,263 (160)

Technology and the need for an alternative view of the firm in post keynesian theory [PDF]

Post Keynesian economics; theory of the ...
Fabiana Santos, Marco Crocco
core  

Kalecki and post-Keynesian economics

, 2015
International audienceMichal Kalecki is recognized by many observers as an important contributor and inspiration of post-Keynesian economics.2 For instance, Joan Robinson, Geoff Harcourt and Malcolm Sawyer have constantly reasserted the importance and ...
Lavoie, Marc
core   +1 more source

Street Furniture as an Assetizing Apparatus: Advertising Concessions, Public Maintenance and the Production of Neoliberal Urban Space in Glasgow

Antipode, Volume 58, Issue 6, November 2026.
ABSTRACT Across British cities, everyday street infrastructure is increasingly sustained through revenue‐generating concessions that detach maintenance from direct municipal budgets. This article examines how street furniture in Glasgow has been incrementally reorganized as an assetizing apparatus under prolonged austerity.
Sinan Wang
wiley   +1 more source

Hyperinflation and High Inflation in Venezuela: Monetary or Exchange Rate Origin?

Kyklos, Volume 79, Issue 4, Page 1053-1077, November 2026.
ABSTRACT From 2018 to 2021, Venezuela experienced a period of intense hyperinflation. There are two hypotheses regarding the origin of such hyperinflation. The monetarist hypothesis attributes hyperinflation to excessive growth in the money supply, typically resulting from public deficits. Alternatively, the structuralist balance of payments hypothesis
Pedro Atienza Montero
wiley   +1 more source

Real and Apparent Deviations From Rational Choice

Kyklos, Volume 79, Issue 4, Page 1153-1178, November 2026.
ABSTRACT This paper offers a taxonomy of real and apparent deviations from rationality. The taxonomy is based on three axes of divides—whereas the axes are successive refinements. The outermost‐axis divide delineates “anxiety‐based choices” from “anxiety‐free choices.” Anxiety‐based choices are real deviations such as the Allais and Ellsberg paradoxes ...
Elias L. Khalil
wiley   +1 more source

Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation

Metroeconomica, Volume 77, Issue 4, Page 392-409, November 2026.
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

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

Metroeconomica, Volume 77, Issue 4, Page 310-325, November 2026.
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

Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

Metroeconomica, Volume 77, Issue 4, Page 450-469, November 2026.
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley   +1 more source

Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

Metroeconomica, Volume 77, Issue 4, Page 422-437, November 2026.
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley   +1 more source

Fiscal policy in the macroeconomic policy mix: A Critique of the New Consensus Model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a Post-Keynesian perspective [PDF]

The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies.
Achim Truger, Eckhard Hein
core