"This comprehensive book examines the concept of value as it applies to the 'Ricardian machine': the physical system in which commodities are produced by means of commodities. Clair Quentin answers the fundamental question: how can the growth of this system be objectively measured? Quentin...

We use security-level data from the Investors Monthly Manual (IMM) to construct capital-weighted return indexes for the London Stock Exchange over the period 1870-1929. We find a significant and persistent equity risk premium of 3.7% over commercial paper and 4.5% over long-term government...

"Capitalism is hitting the buffers. Unable to handle the various crises that its inherent logic of growth, profit and competition has produced, capitalism has led the world into a state of emergency - with the authoritarian right on the rise globally and progressive forces unable to realize the...

This paper examines how the financialization of advanced capitalist economies in the 1990s relates to the rise of artificial intelligence (AI) as the dominant technological framework in the 21st century. Using insights from political economy and Kaleckian theory, it suggests that AI is not a...

This paper examines how the financialization of advanced capitalist economies in the 1990s relates to the rise of artificial intelligence (AI) as the dominant technological framework in the 21st century. Using insights from political economy and Kaleckian theory, it suggests that AI is not a...