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neoliberal era through rising household debt and the emergence of asset bubbles. However, certain trends in the U.S. economy …
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social system that is regulated by distinct rules that limit accumulation. There is nothing in Locke's initial argument that … allows for unbounded accumulation and consequent inequality. The justification for unbridled accumulation comes later, and … rests squarely on Locke's treatment of money as a non-exploitive institution. For Locke, money allows unlimited accumulation …
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. The article critically revisits Minsky's financial fragility hypothesis, advancing his insights into the analysis of … explored: financial liberalization, progressive illiquidity, and the debt burdens incurred during the periods of investor …
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the forces of production, the process of capital accumulation and the expansion of markets; it further brings out the role … of competition as a fundamental driving force in the interrelated processes of accumulation and of development of the …
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Within the demand-led approach to growth, the long-period tendencies of quantities cannot be effectively studied through theoretical positions entailing normal utilization of capacity. Whether in the form of constant or of average normal utilization, this assumption contradicts the supposed...
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