A Very Short Explanation of Profit- versus Wage-led Growth

April 13, 2016

Category: Capitalism, David Fields, Distribution, Effective Demand, Growth, Heterodox Economics, Keynes, Macroeconomics, Post-Keynesian, Profits, Radical Economics, Wages

By David M. Fields A central concern of Left (Post)-Keynesian heterodox macroeconomics is the interaction between ec

A Brief Sketch of the Classical-Keynesian Perspective

April 8, 2016

Category: Capitalism, Class Conflict, Classical-Keynesian, Critical Social Science, David Fields, Debt, Distribution, Effective Demand, Finance, Fiscal Policy, Growth, Heterodox Economics, Institutions, Keynes, Labour, Long-Period, Macroeconomics, Marx, Marxian Economics, Methodology, Modern Monetary Theory, Monetary Policy, Money, Political economy, Post-Keynesian, Power, Prices, Radical Economics, Sraffa, Sraffian Economics, Supermultiplier, unemployment, Value Theory, Wages

By David M. Fields From a Classical-Keynesian perspective (Bortis, 1997, 2003), rates of interest regulate rates of p

New Levy Paper by Pavlina R. Tcherneva: Money, Power, and Monetary Regimes

March 8, 2016

Category: Capitalism, Chartalism, Currency, David Fields, Dollarization, Exchange Rates, Finance, Heterodox Economics, History, Institutions, Keynes, Levy, Macroeconomics, Methodology, Modern Monetary Theory, Monetary Policy, Money, Pavlina R. Tcherneva, Political economy, Post-Keynesian, Power, Prices, Research, State Theory, Value Theory

By Pavlina R. Tcherneva From the abstract: Money, in this paper, is defined as a power relationship of a specific kind, a

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