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Content
October 2019, Volume 7, Issue 4
- 429-443 Why Thirlwall's law is not a tautology: more on the debate over the law
by J.S.L. McCombie
- 444-462 Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model
by Ignacio Perrotini-Hernández & Juan Alberto Vázquez-Muñoz
- 463-485 Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model
by Esteban Pérez Caldentey & Juan Carlos Moreno-Brid
- 486-497 Thirlwall's law, external debt sustainability, and the balance-of-payments-constrained level and growth rates of output
by Gustavo Bhering & Franklin Serrano & Fabio Freitas
- 498-516 Growth transitions and the balance-of-payments constraint
by Excellent Mhlongo & Kevin S. Nell
- 517-536 New Structuralism and the balance-ofpayments constraint
by Gabriel Porcile & Giuliano Toshiro Yajima
- 537-553 Is Indonesia's growth rate balance-ofpayments-constrained? A time-varying estimation approach
by Jesus Felipe & Matteo Lanzafame & Gemma Estrada
- 554-567 Thoughts on balance-of-paymentsconstrained growth after 40 years
by A.P. Thirlwall
- 568-569 James Crotty, Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2017) 448 pp
by Juan MatÃas De Lucchi
July 2019, Volume 7, Issue 3
- 275-291 Convergence in a neo-Kaleckian model with endogenous technical progress and autonomous demand growth
by Won Jun Nah & Marc Lavoie
- 292-307 A Neo-Kaleckian model of skill-biased technological change and income distribution
by Antonio Soares Martins Neto & Rafael Saulo Marques Ribeiro
- 308-320 Some obstacles to wage-led growth
by J.E. King
- 321-340 Who should bear the pain of price competition? A Kaleckian approach
by Shinya Fujita
- 341-360 Differences in wage-determination systems between regular and non-regular employment in a Kaleckian model
by Ryunosuke Sonoda & Hiroaki Sasaki
- 361-368 Risk-sharing by financial markets in federal systems: a critique of existing empirical assessments
by Sebastian Dullien
- 369-387 The process of endogenous liquidity in developing economies: the case of Mexico
by Luis Alfredo Castillo Polanco & Ted P. Schmidt
- 388-401 Interest-rate causality between the federal funds rate and long-run market interest rates
by Hongkil Kim
- 402-418 The Post-Keynesian endogenous-money supply: evidence from Poland
by Gracjan Robert Bachurewicz
- 419-422 Book review: Barry Eichengreen, Arnaud Mehl and Livia Chiţu, How Global Currencies Work: Past, Present, and Future (Princeton University Press, Princeton, NJ, USA 2017) 272 pp
by Aleksandr V. Gevorkyan
- 423-426 Book review: Ilene Grabel, When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence (MIT Press, Cambridge, MA, USA 2018) 400 pp
by Guillaume Vallet
April 2019, Volume 7, Issue 2
January 2019, Volume 7, Issue 1
October 2018, Volume 6, Issue 4
July 2018, Volume 6, Issue 3
- 289–306-289–306 Is planet Earth as a whole likely to be wage-led?
by Arslan Razmi
- 307–332-307–332 The impact of economic policy and structural change on gender employment inequality in Latin America, 1990–2010
by Elissa Braunstein & Stephanie Seguino
- 333-351 Growth dilemmas in open middle-income economies: a reflection on Mexico's recent experience
by Julio López G.
- 352-368 Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions- Part I: Technical dependency
by Ariel Dvoskin & Germán David Feldman
- 369-386 Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions - Part II: Financial dependency
by Ariel Dvoskin & Germán David Feldman
- 387-410 The financial instability hypothesis and the paradox of debt: a microeconometric approach for Latin America
by Alejandro González & Esteban Pérez-Caldentey
- 411-412 Book Review: Piero Ferri, Aggregate Demand, Inequality and Instability (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2016) 192 pp
by Jesper Jespersen
- 413-417 Book Review: Edith T. Penrose, The Large International Firm in Developing Countries: The International Petroleum Industry, First Edition (Routledge, Abingdon, UK and New York, NY, USA 1968 [2013]) 311 pp
by Alberto D'Ansi Mendoza España
April 2018, Volume 6, Issue 2
- 159-179 A predator–prey model to explain cycles in credit-led economies
by Óscar Dejuán & Daniel Dejuán-Bitriá
- 180-201 Inflation targeting when devaluations are contractionary
by Emiliano Libman
- 202-220 A Minskyan critique of the financial constraint approach to financialization
by Ilhan Dögüs
- 221-239 The financial crisis in the eurozone: a balance-of-payments crisis with a single currency?
by Eladio Febrero & Jorge Uxó & Fernando Bermejo
- 240-251 The nature of the eurocrisis: a reply to Febrero, Uxó and Bermejo
by Sergio Cesaratto
- 252-254 A rejoinder to Sergio Cesaratto
by Eladio Febrero & Jorge Uxó & Fernando Bermejo
- 255-263 Rebalancing Keynes's contribution
by Bradley Bordiss & Vishnu Padayachee
- 264-265 Comment on 'Rebalancing Keynes's contribution' by Bordiss and Padayachee
by Peter Temin & David Vines
- 266-281 John Maynard Keynes: the economist as investor
by Carlo Cristiano & Maria Cristina Marcuzzo
- 282-284 Book review: Pasquale Tridico, Inequality in Financial Capitalism (Routledge, London, UK and New York, NY, USA 2017) 236 pp
by Riccardo Pariboni
- 285-288 Book review: Jack Reardon (ed.), The Handbook of Pluralist Economics Education (Routledge, Abingdon, UK and New York, NY, USA 2009) 304 pp
by J.W. Mason
January 2018, Volume 6, Issue 1
- 1-21 Rethinking macroeconomic theory before the next crisis
by Marc Lavoie
- 22-33 The new macroeconomics has no clothes
by Colin Rogers
- 34-61 Have we been here before? Phases of financialization within the twentieth century in the US
by Apostolos Fasianos & Diego Guevara & Christos Pierros
- 62-82 The endogenous finance of global-dollar-based financial fragility in the 2000s: a Minskyan approach
by Junji Tokunaga & Gerald Epstein
- 83-95 The US dollar and its payments system: architecture and political implications
by Adrien Faudot
- 96-113 Financialisation and corporate investments: the Indian case
by Sunanda Sen & Zico Dasgupta
- 114-147 The static Sraffian multiplier for the Greek economy: evidence from the Supply and Use Table for the year 2010
by Theodore Mariolis & George Soklis
- 148-151 Book review: Valeria Mosini, Reassessing the Paradigm of Economics: Bringing Positive Economics into the Normative Framework (Routledge, London, UK 2012) 164 pp
by João Felippe Cury Marinho Mathias
- 152-156 Book review: Louis-Philippe Rochon and Sergio Rossi (eds), An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 432 pp
by Daniele Tori
- 157-158 Book review: Rickard P.F. Holt (ed.), The Selected Letters of John Kenneth Galbraith (Cambridge University Press, New York, NY, USA 2017) 744 pp
by Paul Davidson
October 2017, Volume 5, Issue 4
- 493–502-493–502 Critical thinking within a multi-paradigmatic approach: introduction to the symposium on innovations in heterodox economics education
by Geoffrey E. Schneider & Daniel A. Underwood
- 503–518-503–518 Teaching the Greek crisis (and more) from the perspectives of competing models
by John T. Harvey
- 519–532-519–532 The use of dichotomies in introductory economics
by Mathieu Dufour & Ian J. Seda-Irizarry
- 533–550-533–550 Enriching undergraduate economics: curricular and pedagogical integration of heterodox approaches from within
by Tara Natarajan
- 551–562-551–562 Blasphemy in the classroom: in search of microeconomics textbooks for heterodox instructors
by Erik Dean & Mitchell R. Green
- 563–575-563–575 The road they share: the social conflict element in Marx, Keynes and Kalecki
by Pablo Gabriel Bortz
- 576–585-576–585 From Marx to the Keynesian revolution: the key role of finance
by Jan Toporowski
- 586–630-586–630 Estimating Keynesian models of business fluctuations using Bayesian Maximum Likelihood
by Christian Schoder
- 631–647-631–647 Debt and investment in the Keen model: a reappraisal of modelling Minsky
by Antonin Pottier & Adrien Nguyen-Huu
- 648–651-648–651 Book review: Joseph E. Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe (W.W. Norton, New York, NY, USA 2016)416 pp.; and Markus K. Brunnermeier, Harold James and Jean-Pierre Landau, The Euro and the Battle of Ideas (Princeton University Press, Princeton, NJ, USA 2016) 440 pp
by Steven Pressman
- 652–655-652–655 Book review: Michael Jacobs and Mariana Mazzucato (eds), Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth (Wiley-Blackwell, Oxford, UK 2016) 224 pp
by Melanie G. Long
July 2017, Volume 5, Issue 3
- 303-306 Wage- versus profit-led growth after 25 years: an introduction to the fourth special issue
by Mark Setterfield
- 307-335 Wage-led, debt-led growth in an open economy
by Esteban Pérez Caldentey & MatÃas Vernengo
- 336-359 Weaknesses of 'wage-led growth'
by Peter Skott
- 360-425 Wages, prices, and employment in a Keynesian long run
by Stephen A. Marglin
- 426-438 Wage- and profit-led regimes under modern finance: an exploration
by Amit Bhaduri & Srinivas Raghavendra
- 439-458 Did fiscal consolidation cause the double-dip recession in the euro area?
by Philipp Heimberger
- 459-480 Macroeconomic imbalances and the eurozone crisis: the impact of credit expansion on asset prices
by Gökçer Özgür & Emel Memis¸
- 481-488 Book review: Carl Chiarella, Peter Flaschel and Willi Semmler, Reconstructing Keynesian Macroeconomics (Volume 1: Partial Perspectives, 2012, 400 pp.; Volume 2: Integrated Approaches, 2013, 512 pp.; Volume 3: Macroeconomic Activity, Banking and Financial Markets, 2015, 390 pp.; Routledge, Abingdon, UK and New York, NY, USA)
by Matheus R. Grasselli
- 489-492 Book review: Tarron Khemraj, Money, Banking and the Foreign Exchange Market in Emerging Economies (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 162 pp
by Francisco Martinez-Hernandez
April 2017, Volume 5, Issue 2
- 143-145 Wage- versus profit-led growth after 25 years: an introduction to the third special issue
by Mark Setterfield
- 146-169 Inequality and growth in neo-Kaleckian and Cambridge growth theory
by Thomas I. Palley
- 170-195 Income inequality, the wage share, and economic growth
by Amitava Krishna Dutt
- 196-217 Longer-run distributive cycles: wavelet decompositions for the US, 1948–2011
by José Barrales & Rudiger von Arnim
- 218-238 The Bhaduri–Marglin post-Kaleckian model in the history of distribution and growth theories: an assessment by means of model closures
by Eckhard Hein
- 239-258 Government spending composition, aggregate demand, growth, and distribution
by Daniele Tavani & Luca Zamparelli
- 259-275 Wage increases, transfers, and the socially determined income distribution in the USA
by Lance Taylor & Armon Rezai & Rishabh Kumar & Nelson Barbosa & Laura Carvalho
- 276-299 Real-wage versus wage-share targets in an open-economy model of the wage and price dynamics
by Søren Harck
- 300-301 Book review: Jean-Luc Bailly, Alvaro Cencini and Sergio Rossi (eds), Quantum Macroeconomics: The Legacy of Bernard Schmitt (Routledge, London, UK and New York, NY, USA 2017) 202 pp
by Andrea Carrera
January 2017, Volume 5, Issue 1
- 1-3 Wage- versus profit-led growth after 25 years: an introduction to the second special issue
by Mark Setterfield
- 4-24 Bhaduri–Marglin meet Kaldor–Marx: wages, productivity and investment
by Servaas Storm & C.W.M. Naastepad
- 25-42 Wage-led versus profit-led demand: what have we learned? A Kaleckian–Minskyan view
by Engelbert Stockhammer
- 43-60 Household borrowing and the possibility of 'consumption-driven, profit-led growth'
by Mark Setterfield & Yun K. Kim
- 61-77 Profit-led growth and the stock market
by Thomas R. Michl
- 78-93 Finance and distribution
by Ramaa Vasudevan
- 94-106 Pension funding in a Keynesian model of growth
by Codrina Rada
- 107-111 The WHO warns of outbreak of virulent new 'Economic Reality' virus
by Steve Keen
- 112-134 Functional finance and intergenerational distribution in neoclassical and Keynesian OLG models
by Peter Skott & Soon Ryoo
- 135-138 Book review: Bob Jessop, Brigitte Young and Christoph Scherrer (eds), Financial Cultures and Crisis Dynamics (Routledge, London, UK and New York, NY, USA 2015) 320 pp
by Michael G. Kraft
- 139-141 Book review: David Tuckett, Minding the Markets: An Emotional View of Financial Instability (Palgrave Macmillan, Basingstoke, UK, New York, NY, USA and Melbourne, Australia 2011) 232 pp
by Philip Pilkington
October 2016, Volume 4, Issue 4
- 367-372 Wage- versus profit-led growth after 25 years: an introduction
by Mark Setterfield
- 373-390 Wage-led versus profit-led demand regimes: the long and the short of it
by Robert A. Blecker
- 391-408 Distribution-led growth in the long run
by Michalis Nikiforos
- 409-428 Autonomous demand and the Marglin–Bhaduri model: a critical note
by Riccardo Pariboni
- 429-449 Growth and distribution in low-income economies: modifying post-Keynesian analysis in light of theory and history
by Arslan Razmi
- 450-457 Can growth be wage-led in small open developing economies?
by Jaime Ros
- 458-474 Wage- versus profit-led growth in the context of globalization and public spending: the political aspects of wage-led recovery
by Özlem Onaran
- 475-502 What caused the great inflation moderation in the US? A post-Keynesian view
by Nathan Perry & Nathaniel Cline
- 503-522 The theory of output in the modern classical approach: main principles and controversial issues
by Attilio Trezzini & Antonella Palumbo
- 523-526 Book review: Alvaro Cencini and Sergio Rossi, Economic and Financial Crises: A New Macroeconomic Analysis (Palgrave Macmillan, New York, NY, USA 2015) 296 pp
by Edoardo Beretta
- 527-531 Book review: John T. Harvey, Contending Perspectives in Economics: A Guide to Contemporary Schools of Thought (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2015) 168 pp
by Paramjit Singh
- 532-535 Book review: Eswar Prasad, The Dollar Trap: How the US Dollar Tightened its Grip on Global Finance (Princeton University Press, Princeton, NJ, USA 2014) 432 pp
by Adrien Faudot
July 2016, Volume 4, Issue 3
- 243-249 Introduction: the theoretical legacy of Augusto Graziani
by Riccardo Bellofiore & Marco Veronese Passarella
- 250-263 Augusto Graziani and general economic equilibrium: from statics to dynamics
by Mario Pomini
- 264-278 Credit supply, credit demand and unemployment in the mode of Augusto Graziani
by Guglielmo Forges Davanzati
- 279-302 Augusto Graziani's Equilibrio generale ed equilibrio macroeconomico: a key milestone in a long journey out of the neoclassical mainstream
by Massimo Cingolani
- 303-315 Graziani's analysis of the circuit: does it extend to the era of financialisation?
by Malcolm Sawyer
- 316-330 Joan Robinson's Accumulation of Capital after 60 years
by J.E. King
- 331-352 Reflecting on new developmentalism and classical developmentalism
by Luiz Carlos Bresser-Pereira
- 353-356 Book review: Eckhard Hein, Distribution and Growth after Keynes: A Post-Keynesian Guide (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 576 pp
by Javier López Bernardo
- 357-359 Book review: Thomas I. Palley, Financialization: The Economics of Finance Capital Domination (Palgrave Macmillan, Basingstoke, UK, New York, USA and Melbourne, Australia 2013) 248 pp
by Özgür Orhangazi
- 360-362 Book review: Cyrus Bina, A Prelude to the Foundation of Political Economy: Oil, War, and Global Polity (Palgrave Macmillan, Basingstoke, UK and New York, USA 2013) 260 pp
by Payam Sharifi
- 363-365 Book review: Sara Hsu, Financial Crises, 1929 to the Present (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 192 pp
by Eric Tymoigne
April 2016, Volume 4, Issue 2
- 127-150 Macroeconomic effects of household debt: an empirical analysis
by Yun K. Kim
- 151-174 Growth and distribution after the 2007–2008 US financial crisis: who shouldered the burden of the crisis?
by Mathieu Dufour & Özgür Orhangazi
- 175-192 A useful framework for linking labor and goods markets: Okun's law and its stability revisited
by Mustafa Ismihan
- 193-200 Inconsistency and over-determination in balance-of-payments-constrained growth models: a note
by José Luis Oreiro
- 201-207 Keen on endogenous money and effective demand: a further comment
by Severin Reissl
- 208-218 Underconsumption, capitalist investment and crisis: a reply to Sardoni
by Deepankar Basu
- 219-223 Marxian theories of crises: a rejoinder
by Claudio Sardoni
- 224-228 A Kalecki fable on debt and the monetary transmission mechanism
by Jan Toporowski
- 229-230 Book review: John Bellamy Foster and Robert W. McChesney, The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China (Monthly Review Press, New York, NY, USA 2012) 224 pp
by David Fields
- 231-234 Book review: Riccardo Fiorentini and Guido Montani, The New Global Political Economy: From Crisis to Supranational Integration (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 256 pp
by Pedro Mendes Loureiro
- 235-238 Book review: Ä°lker Aslan, Macroeconomic Foundations of Financial Analysis: A Case Study of Turkey as a Monetary Production Economy (Logos Verlag Berlin, Berlin, Germany 2014) 280 pp
by Mert Karabıyıkoğlu
- 239-241 Book review: G.C. Harcourt and Peter Kriesler (eds), The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology (Oxford University Press, New York, NY, USA 2013) 528 pp
by Edwin Dickens
January 2016, Volume 4, Issue 1
- 1-3 The relevance of Keynes's General Theory after 80 years
by Thomas Palley & Louis-Philippe Rochon & MatÃas Vernengo
- 4-19 How Keynes came to Britain
by Robert Skidelsky
- 20-35 Unravelling the New Classical Counter Revolution
by Simon Wren-Lewis
- 36-49 Keynes and the European economy
by Peter Temin & David Vines
- 50-55 Keynesian parables of thrift and hoarding
by Nicholas Rowe
- 56-60 Curried Keynesianism meets the master: Lauchlin Currie's memorandum on The General Theory for the Federal Reserve Board
by MatÃas Vernengo
- 61-66 The General Theory of Employment, Interest and Money, by J.M. Keynes
by Lauchlin Currie
- 67-98 Two minds that never met: Frank H. Knight on John M. Keynes once again – a documentary note. Perham C. Nahl's notes from Frank H. Knight's course on Business Cycles, University of California, 1936
by Carlo Cristiano & Luca Fiorito
- 99-113 Keynes's attack on the citadel: proportionality, the two-price theory, and monetary circulation
by Mark Lautzenheiser & Yavuz YaÅŸar
- 116-119 Book review: A.P. Thirlwall, Essays on Keynesian and Kaldorian Economics (Palgrave Macmillan, Basingstoke, UK and New York, USA 2015) 396 pp
by Omar Hamouda
- 120-122 Book review: Atsushi Komine, Keynes and his Contemporaries: Tradition and Enterprise in the Cambridge School of Economics (Routledge, New York, USA 2014) 190 pp
by William McColloch
- 123-126 Book review: Richard Davenport-Hines, Universal Man: The Lives of John Maynard Keynes (Basic Books, New York, USA 2015) 432 pp
by Steven Pressman
October 2015 2015, Volume 3, Issue 4
October 2015, Volume 3, Issue 4
- 457—470-457—470 Can prosperity return to the Economic and Monetary Union?
by Malcolm Sawyer
- 471—490-471—490 A credit-money and structural perspective on the European crisis: why exiting the euro is the answer to the wrong question
by Riccardo Bellofiore & Francesco Garibaldo & Mariana Mortagua
- 491—516-491—516 Causes of the decline of economic growth in Italy with special reference to the post-euro period: a balance-of-payments approach
by Elias Soukiazis & Pedro André Cerqueira & Micaela Antunes
- 517—535-517—535 Dealing with cost-push inflation in Latin America: multi-causality in a context of increased openness and commodity price volatility
by MartÃn Abeles & Demian Panigo
- 536—566-536—566 No easy balancing act: reducing the balance-of-payments constraint, improving export competitiveness and productivity, and absorbing surplus labor – the Indian experience
by Suranjana Nabar-Bhaduri
- 567—601-567—601 Can fiscal austerity be expansionary in present-day Europe? The lessons from Sweden
by Lennart Erixon
- 602—611-602—611 The macroeconomics of endogenous money: response to Fiebiger, Palley and Lavoie
by Steve Keen
- 612—615-612—615 Book review: Richard D. Wolff and Stephen S. Resnick, Contending Economic Theories: Neoclassical, Keynesian and Marxian (MIT Press, Cambridge, MA, USA 2012) 416 pp
by Luiz Eduardo Simões de Souza
- 616—617-616—617 Book review: Sunanda Sen, Dominant Finance and Stagnant Economies (Oxford University Press, New Delhi, India 2014) 368 pp
by Noemi Levy-Orlik
- 618—622-618—622 Book review: Jesús Felipe and John S.L. McCombie, The Aggregate Production Function and the Measurement of Technical Change: Not Even Wrong (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 400 pp
by Javier López Bernardo
July 2015, Volume 3, Issue 3
- 279-294 Debt deflation worries: a restatement
by Lino Sau
- 295-313 Public debt crisis, austerity and deflation: the case of Greece
by Marica Frangakis
- 314-335 The post-1980 debt disinflation: an exercise in historical accounting
by J.W. Mason & Arjun Jayadev
- 336-350 The economics of deflation in the euro area: a critique of fiscal austerity
by Giuseppe Mastromatteo & Sergio Rossi
- 351-373 Demand-driven Goodwin cycles with Kaldorian and Kaleckian features
by Rudiger von Arnim & Jose Barrales
- 374-386 Growth cycles with or without price flexibility
by Peter Skott
- 387-391 Growth cycles: a response to Peter Skott
by Rudiger von Arnim & Jose Barrales
- 392-418 Is sticky price adjustment important for output fluctuations?
by John W. Keating & Isaac K. Kanyama
- 419-432 The fiscal multiplier with heterogeneous agents: the role of wealth, wealth distribution, and interest rates under Ricardian equivalence
by Norman Sedgley III & Charles Scott & Fred Derrick
- 433-437 Book Review: Tony Phillips, Europe on the Brink: Debt Crisis and Dissent in the European Periphery (Zed Books, London, UK 2014) 272 pp
by Jan Toporowski
- 438-441 Book review: Shahzavar Karimzadi, Money and its Origins (Routledge, London, UK and New York, USA 2013) 288 pp
by Paul Zarembka
April 2015, Volume 3, Issue 2
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