Erster Absatz: Die Verschuldung privater Haushalte (im Weiteren als Haushalte bezeichnet) hat in den OECD-Ländern langfristig deutlich zugenommen (vgl. Girouard et al. 2006, Barnes und Young 2003). Gleichzeitig stieg jedoch auch das Geldvermögen privater Haushalte markant. Getrennt voneinander...

First paragraph: Globalization is not a new phenomenon. A first phase occurred during the colonization of Africa, Asia and Latin America when raw materials for Europe were extracted, slave labor shipped across the world and markets developed as outlets for European commodities. This critical...

First paragraph: Functional income distribution has shifted dramatically in the past 25 years. The wage share in the Euro area has fallen by ten percentage points since 1981.

Erster Absatz: Zum Reichtum gehört der Vergleich. Ein Hedgefondsmanager, dessen private Boeing keinen Whirlpool hat, mag sich arm fühlen im Vergleich zu Milliardär

Books reviewed: Davidson, Paul (2007): John Maynard Keynes, London/New York Godley, Wynne / Lavoie, Marc (2007): Monetary Economics. An Integrated Approach to Credit, Money, Income, Production and Wealth, Houndmills et al. McCombie, John / Rodriguez Gonzales, Carlos (eds.)(2007): The European...

The present issue focuses on three main areas. In the Forum there is a first focus containing three case studies in economic policies. Nigel F.B. Allington and John S.L. McCombie examine the relationship between productivity growth and unemployment in the UK during the Thatcher era. Thomas...

First paragraph: In your career you have worked with different leading Post-Keynesians, like Joan Robinson, Alfred Eichner, Nicholas Kaldor or Paul Davidson, who was a PhD adviser of yours. What was their main impact on your work and are there any other teachers who impressed you or were...

First paragraph: Mrs. Thatcher’s controversial premiership in the UK ran from 1979 to 1990. It witnessed the end of the post-war Keynesian macroeconomic consensus and the introduction of monetarist policies targeting inflation by attempting to control the growth of the money supply. The...

First paragraph: When the Argentine economy collapsed in the final days of December 2001, in fact, this did not come too much as a surprise. The country had entered its fourth consecutive year of recession and scepticism about the sustainability of its economic model was widespread. However, the...

First paragraph: Honduras is one of the poorest countries in the Western hemisphere. At the same time, income and wealth are highly concentrated. The policy reforms carried out during past decades promised to reduce poverty and inequality by promoting the productive use of the most abundant...