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Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2006

The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...

Persistent link: https://www.econbiz.de/10005187342

Consumer durables as investments that can help us out of the current economic crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...

Persistent link: https://www.econbiz.de/10005836404

The scientist and the church

Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2005

The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...

Persistent link: https://www.econbiz.de/10005836969

Essentials of Constructive Heterodoxy: Employment

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2015

Orthodox economics is founded on behavioral assumptions. This has been the wrong starting point because no way leads from there to an understanding of how the economic system works. Critical Heterodoxy is one step ahead insofar as it does not accept the green cheese assumptionism of optimization...

Persistent link: https://www.econbiz.de/10011201271

Autonomous Wage Inflation

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, …

This paper develops a theory of stagflation, based on turnover-efficiency-wage theory. In these theories, wages are …

Persistent link: https://www.econbiz.de/10008620612

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not … succeed in finding workable mechanisms. They rather fought stagflation with the ideology of the day, shifting from vulgar … seemed to solve stagflation but only repressed it and resulted into the crisis since 2007. The return of regulation also …

Persistent link: https://www.econbiz.de/10011108214

Economics as victim between lawyers and mathematics: An explanation for the tax credit, Bulgarian potential fraud, European unemployment and the economic crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2013

OECD countries we find an explanation for the Great Stagflation since 1970 that was masked by financial deregulation. (6c …

Persistent link: https://www.econbiz.de/10011109700

Energy and Capital in a New-Keynesian Framework

Vasconez, Verónica Acurio; Giraud, Gaël; Isaac, Florent Mc - HAL - 2012

The economic implications of oil price shocks have been extensively studied since the oil price shocks of the 1970s'. Despite this huge literature, no dynamic stochastic general equilibrium model is available that captures two well-known stylized facts: 1) the stagflationary impact of an oil...

Persistent link: https://www.econbiz.de/10011025540

The crisis and the raison d’être and prospect for the UK office for budget responsibility versus an economic supreme Court

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

economic crisis since 2007. This paper also discusses aspects of the continued stagflation, the euro, investments and the …

Persistent link: https://www.econbiz.de/10008784953

Bad money and distributive conflict

Asensio, Angel - HAL - 2009

The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...

Persistent link: https://www.econbiz.de/10008793906