1. Laissez Faire: The Fruitless Pursuit of a Chimera 2. Messiness Matters: The Analytical Basis of the Legal-Economic Nexus 3. Visible Hands and Corporations: Beyond the Public versus Private Separation 4. Constitutional Vulnerability, the Struggle for Human Dignity, And Monetary Sovereignty 5....

This paper demonstrates that the terms of trade are determined by the equalization of profit rates across international regulating capitals, for socially determined national real wages. This provides a classical/Marxian basis for the explanation of real exchange rates, based on the same...

Both classical and Keynes's theories of effective demand posit that capital accumulation is driven by the expected net rate of profit (i.e., by the difference between the expected rate of profit and the interest rate). In both schools, an increase in the interest rate will reduce the net rate of...