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Can Capitalists Afford Recovery? A 2018 Update and a Closer Look

Author

Listed:
  • Bichler, Shimshon
  • Nitzan, Jonathan

Abstract

This research note starts by showing that, for much of the postwar period, U.S. unemployment to has been a highly reliable leading indicator for the capitalist share of domestic income three years later, and then assesses whether this relationship still holds.

Suggested Citation

  • Bichler, Shimshon & Nitzan, Jonathan, 2018. "Can Capitalists Afford Recovery? A 2018 Update and a Closer Look," EconStor Preprints 184689, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:184689
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    File URL: https://www.econstor.eu/bitstream/10419/184689/1/20181100_bn_can_capitalists_afford_recovery_a_2018_update_and_a_closer_look.pdf
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    References listed on IDEAS

    as
    1. Bichler, Shimshon & Nitzan, Jonathan, 2013. "Can Capitalists Afford Recovery? Economic Policy When Capital is Power," Working Papers on Capital as Power 2013/01, Capital As Power - Toward a New Cosmology of Capitalism.
    2. Nitzan, Jonathan & Bichler, Shimshon, 2014. "Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(1), pages 110-155.
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    Citations

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    Cited by:

    1. Nitzan, Jonathan & Bichler, Shimshon, 2019. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)," Working Papers on Capital as Power 2019/01, Capital As Power - Toward a New Cosmology of Capitalism.

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    More about this item

    Keywords

    crisis; income distribution; power; sabotage; unemployment;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • D3 - Microeconomics - - Distribution

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