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We review post-Keynesian contributions to demand and growth regime analysis. First, for the theoretical model perspective, we distinguish the Kalecki-Steindl approach and the Sraffian supermultiplier approach as relevant theoretical foundations for demand and growth regime research, with...
Persistent link: https://www.econbiz.de/10014516079
This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the COVID-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...
Persistent link: https://www.econbiz.de/10015057214
We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we examine the channels of influence of financialisation on distribution and on the different components of private aggregate demand, i.e. investment, consumption and net exports....
Persistent link: https://www.econbiz.de/10014490639
Sraffian supermultiplier models, as well as Kaleckian distribution and growth models making use of non-capacity creating autonomous demand growth in order to cope with Harrodian instability, have paid little attention to the financial side of autonomous demand growth as the driver of the system....
Persistent link: https://www.econbiz.de/10012660723
Adrian Wood is Professor Emeritus of International Development at the University of Oxford. Among post-Keynesian economists, he is best known for his 1975 book, A Theory of Profits, which establishes a link between profit margins and growth rates. Wood was an undergraduate at King’s College in...
Persistent link: https://www.econbiz.de/10015095275
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Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after the 2007-09 crises. Most importantly, we...
Persistent link: https://www.econbiz.de/10014550808
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