Edited by Hartmut Rosa & Christoph Henning. From Routledge: Many countries have experienced a decline of economic growth for decades, an effect that was only aggravated by the recent global financial crisis. What if in the 21st century this is no longer an exception, but the general rule? Does an economy without growth necessarily bring … More New Book: The Good Life Beyond Growth – New Perspectives
Are corporations’ financial investments crowding out other corporate spending? Leila Davis looks at the financialization of non-financial corporations—i.e., firms that traditionally produce goods and services and invest in machinery, buildings and technology rather than trade in financial assets—and asks what it means that they’re taking on large financial investments. We know that the same time … More Leila Davis: Are Corporations’ Financial Investments Slowing Growth?
By Yves Smith, The Financial Times has a generally good update on the state of the student debt bubble in the US. The article interesting not just for what it says but also for what goes unsaid. I’ll recap its main points with additional commentary. Note that many of the underlying issues will be familiar … More Student Debt Bubble Diminishes Demand and Ruins Lives, Yet Officials Keep Inflating It
7-9 December 2017. Grenoble University, Grenoble, France This multidisciplinary conference aims at bringing together approaches rooted in the historical tradition of the critical analysis of capitalism, which in turns rests on two important arguments: 1) capitalist societies are continuously changing; and 2) they are unstable social structures that rely on specific institutional frameworks (including markets … More International Post-Keynesian and Institutionalist Conference: Instability, Growth & Regulation
Macroeconomic controversies usually center on causation. Two questions of significance for policymaking concern output and growth: Is output demand or supply determined? Is economic growth demand or supply led? If demand is the driver of output and growth, there will be considerable scope for government spending to influence the economy’s trajectory. If, instead, supply-side factors … More Institutions, Monetary Operations and a Demand-Led Global Economy
Originally posted here Editorial Introduction – Fiscal Austerity and Economic Growth Laura Barbosa de Carvalho PDF (English) Neoliberalism, trade imbalances, and economic policy in the Eurozone crisis Engelbert Stockhammer, Collin Constantine, Severin Reissl PDF (English) The Greek public debt problem Michalis Nikiforos, Dimitri B. Papadimitriou, Gennaro Zezza PDF (English) Aggregate demand and the slowdown of … More Special issue of Nova Economia on Austerity and (Lack of) Growth
By Mark Weisbrot, Jake Johnston, and Julia Villarruel Carrillo This paper looks at Brazil’s unusually high interest rates. Brazil has the fourth-highest interest burden in the world on its federal debt (out of a total of 183 countries). The paper finds that this is not a result of known risk factors, but rather is due to unusually … More Brazil’s Enormous Interest Rate Tax: Can Brazilians Afford It?