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作者:Stephen A. Marglin
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.360-425EE
摘要:The central question this paper addresses is the same one I explored in my joint work with Amit Bhaduri 25 years ago: under what circumstances are high wages good for employment? I extend our 1990 argument in three directions. First, instead of mark-up pricing, I model labor...
作者:Esteban Pérez Caldentey , Matías Vernengo
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.307-335EE
摘要:We argue that a fundamental difference between the various post-Keynesian approaches to economic growth lies in their treatment of investment. Neo-Kaleckian models, which are more appropriately Robinsonian models, postulate an investment function dependent on profitability, and t...
作者:Peter Skott
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.336-359EE
摘要:The emphasis in post-Keynesian macroeconomics on wage- versus profit-led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the profit share and economic growth can be positive for some exogenous shocks but negative for o...
作者:Amit Bhaduri , Srinivas Raghavendra
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.426-438EE
摘要:This paper generalizes the principle of effective demand to incorporate banking and finance as two distinct sectors. The traditional commercial banking sector is regulated and the modern shadow banking sector is mostly an unregulated provider of financial services. Through a styl...
作者:Gökçer Özgür , Emel Memis¸
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.459-480EE
摘要:The economic crisis of the eurozone emerged after the subprime mortgage crisis of the US; and since then the fiscal profligacy of some member countries, primarily Greece at the outset, was seen as the root of the crisis. However, alternative approaches pointed to the current...
作者:Philipp Heimberger
来源:[J].Review of Keynesian Economics, 2017, Vol.5 (3), pp.439-458EE
摘要:This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011–2013. The main e...
作者:Jeffrey L. McClellan
来源:[J].Leadership and the Humanities, 2017, Vol.5 (1), pp.5-18EE
摘要:As there is not much in the academic literature of leadership that explores the historical and foundational roots of leadership culture within specific countries, this paper seeks to address this void. It does so by providing a conceptual model for exploring leadership cultural f...

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