Discussion forum

Finance, investment, production and employment

Money: a social contract or an “invisible hand” of inverted totalitarianism?

I herein posit that money should be re-established as a corpus and apparatus of law that regulates economic production, exchange, and the equitable distribution of the economic surplus of “wealth” (thus generated through the specialised division of labour amongst the …
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Late Marx and the Conception of ‘Accumulation of Capital’

Marxist political economy very often refers to the “accumulation of capital” as if it were a transparent concept, one easily understood from Marx’s work. The problem is that, as a concept, it is not clear what accumulation of capital is …
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The tendency of effective demand to lag behind the supply of full employment

Following our long-standing interest for the analysis of economic imbalances, in this work we concentrate our attention on the tendency of effective demand to lag behind the supply of full employment. In fact, in the post Keynesian oriented analysis, much …
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Global trends: economic dynamics and sovereignty

Identifying the determinants of secular stagnation after the Great Recession: Learning from Hansen ́s historical approaches and Harrod ́s model along 1938-1952

In the recent debate about “back to business as normal” after the Great Depression (2008-?), the possibility of an extended condition of low economic growth in the U.S. and other countries in the medium term has been related to the …
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Working conditions and social problems: challenges and perspectives

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Economics and democracy

Elite appropriation of economics – the case for (r)evolutionary political economy

This paper attempts to understand the ways in which power operates within the economics profession (problem orientation) in order to pinpoint requirements to address the identified problems. The findings suggest that the most powerful (mis)appropriate economics mainly through their political, …
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Real World Non-Equilibrating Supply and Demand Theory

It seems that mainstream economics adopted a kind of a Frankenstein version of the supply and demand notion, created by their authors of economic theory fiction. Actually, mainstream supply and demand fake theory scares almost all real world economists to …
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