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 …
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 …
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 …
Today, private equity funds express the power of centralized money to define not only investment flows but also working conditions. Indeed, private equity funds have been responsible for the employment standards of tens of millions of workers worldwide and the …
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 …
The discipline of macro-economics, which was started in the late 1940s, covered in its short history only half of the total phases an actual economy may encounter. The overlooked other-half, however, contained many key determinants of economic growth that have …
This paper investigates the link between capital, nationality and state sovereignty, both historically and in the context of our current globalized world. It challenges the conventional viewpoint that capital has no nationality, which implies limited state sovereignty with regards to …
This article is based on the work of Paul A. Baran and Paul M. Sweezey: Monopoly Capital (Monthly Review Press 1966). The first section analyses the factors that determine output of monopolistic firms in the developed economies. Price is only …
Geonomic thought is introduced as a long-term strategy for global dynamic efficiency. The great economic calculation paradox is the progressive quantity of rent in a capital-based economy, thus leading to the human condition of a Sisyphean economy. The legal remedy …
This article tries to analyze the trends in wealth inequality in Kerala in the post reform period. Historical evolution of inequality has followed a ‘U’ pattern in the state with high inequality in the pre-land reform period, decreased inequality in …
This study presents the role of Human Capital Resource in Economic Growth using dynamic panel Transmission Mechanism Channels in Vector Error Correction model and Time Scale Decomposition of the Wavelet analyses. The empirical results indicate the estimated Human Capital Resource …
Can We Bend the Arc of Global Capital toward Justice? Yes, provided “idle” capital is wisely invested in human resources. The world economy is suffering from a shortage of investment opportunities. The signs are slow economic growth in the face …
This paper is based on the ideas of political philosopher John Rawls and suggests that in a just economy full employment would have to go beyond the implications of NAIRU. Rawls argues that the just economy is one which would …
The election in September 2015 of the socialist MP Jeremy Corbyn as leader of the Labour Party came as a profound shock to the British political establishment. Few dreamed it possible just a few months earlier. Corbyn’s campaign platform was …
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, …
The debate about economic growth and unemployment in Brazil is hindered by Friedman’s imported theory, based on the “natural rate” of employment that today pervades global economic thought as adopted by new classical and new Keynesian economists. This misguided view …
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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John Vandenberg
Raymond Aitken
Raymond Aitken
Arturo Hermann
Arturo Hermann
Raymond Aitken
John Vandenber
Arturo Hermann
John Vandenberg
Arturo Hermann
Raymond Aitken
Raymond Aitken
Eugen Wagner
Dr Richard Mochelle
Doug Carmichael