Since the early 1980s, financialisation has become an increasingly important trend in developed capitalist countries, with different beginnings, speed and intensities in different countries. Rising inequality has been a major feature of this trend. Shares of wages in national income have...

Zentraler Gegenstand der Arbeit sind die Steuerwirkungslehre sowie deren allokationstheoretischen Grundlagen und Implikationen. Auf der Basis eines allgemeinen Gleichgewichtsmodells werden die Auswirkungen unterschiedlicher Formen der Besteuerung auf die Ressourcen- und Einkommensverteilung...

Die gesamtwirtschaftlichen Wirkungen der Staatsverschuldung sind umstritten. Einerseits gelten kreditfinanzierte Mehrausgaben des Staates als probates Mittel zur Überwindung der Arbeitslosigkeit, andererseits befürchtet man Zinssteigerungen, verbunden mit einer Verdrängung privater...

In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial Crisis and the Great Recession. The focus is on functional income distribution and thus on the relationship between financialisation and the wage share or the gross profit share....

We present an investigation into the long-run effects of financialisation on income distribution before the financial and economic crises for Germany, one of the major mercantilist export-led economies. The analysis builds on a Kaleckian approach towards the examination of the effects of...

'At a time when both the academic and the political establishment combine to convince us that there is no alternative to finance dominated capitalism, this lucidly argued book provides a refreshing intellectual challenge to conventional wisdom. Despite its relatively modest title in Distribution...

Ce livre porte sur les inégalités salariales dans les pays européens. Son originalité est d?entrecroiser les analyses de fond avec un questionnement méthodologique. Il s?adresse non seulement aux responsables politiques et aux citoyens désireux de comprendre les mécanismes de production...

The growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these...

In Abhandlungen von Dorfman und Samuelson 1986 und van Suntum 1988 wird Thünen's berühmte Grabsteinformel unter Berücksichtigung seiner spezifischen Annahmen bestätigt. Allerdings wird Thüenen's Vorgehen zur Erzielung dieses Ergebnisses bis heute kontrovers diskutiert. Mit diesem Papier...

This paper is an exploration of the interface between two quite different strands of economic thought, the Schumpeterian, evolutionary theory of innovation and competition, and the classical, Sraffian theory of prices and distribution. Can the two methods usefully speak to each another? If they...

In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment in capital stock, re-distribution of income at the...