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...

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...

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...

Форду досталось весьма серьезное наследство: позор Уотергейта, огромные жертвы во Вьетнаме, второй мировой экономический кризис с растущей инфляцией, нефтяным...

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...

Between 1969 and the early nineteen-eighties a unique parabola took place in Italy that was both historical and theoretical.We are referring here to the birth, development and decline of a research project that had assumed Sraffa’s book Production of Commodities by Means of Commodities as its...

ECONODYNAMIC SURVEY, has a large comprehensive/researching sphere, including a diversified and complex range of aspects concerning the economic activities, which implies the setting up of multi-disciplinary teams, formed by specialized researchers with expertise and experience in the domains:...

"Der Autor geht davon aus, daß die Gefahr einer sich beschleunigenden Inflation die meisten Industrieländer von einer genügend expansiven Finanz- und Geldpolitik abhält, welche die Wiederherstellung und langfristife Sicherung einer Vollbeschäftigung (ähnlich wie die in den sechziger...