The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are...

This paper argues that Marx’s theory of economic crises constitutes a system of three discrete ‘sub-theories’ on: (i) distributive growth cycles; (ii) effective demand; and (iii) the tendency of the average profit rate to fall. The paper explores the relationships between these sub-theories...

This paper explores the dynamics of the Greek public debt and its relationship with the ‘twin deficits’, that is, the public and current account deficits. By modeling the evolution of these variables and using actual data of the Greek economy, this paper shows that the public debt is...

This paper explores the dynamics of the Greek public debt. It supports that, first, the public debt is unsustainable and, second, the reduction in government expenditures and the cut in unit labour costs in the private sector seems to be the only available, al-though too little too late...

Using data from the Symmetric Input-Output Table of the Greek economy for the year 2010, this paper estimates the corresponding Sraffian autonomous demand-transfer payments curve. The findings reveal certain technical-effective demand-social features of the Greek economy and provide a context...

The purpose of this thesis is to describe the influence of the Common European Fiscal Framework (Maastricht Treaty) on the Economic Growth of Greece. Under specific hypotheses, we use the standard neoclassical growth theory model of Ramsey – Cass – Koopmans. For a period of 2000 till 2006,...

The English version of this paper can be found at "http://ssrn.com/abstract=2654665" http://ssrn.com/abstract=2654665.Greek Abstract: Πρόβλημα: H θεωρία και η πρακτική του διπλογραφικού συστήματος καταγραφής και...

Greek Abstract: Πρόβλημα: Το διπλογραφικό σύστημα καταγραφής και επεξεργασίας της λογιστικής πληροφορίας υπήρξε το πλέον επιτυχές κατά τα προηγούμενα 500 χρόνια....

Η Εθνική Αποταμίευση κατά την περίοδο της εικοσαετίας 1990-2010 εμφανίζεται συνεχώς μειούμενη. Οι αιτίες αυτού του φαινομένου μπορούν να εντοπιστούν τόσο στα...