Pub Date : 2024-09-18DOI: 10.1080/01603477.2024.2395384
Ramesh Chandra
Schumpeter placed the entrepreneur and innovation at the center of capitalism and thought that once monopoly capitalism inevitably emerges, the link between individual initiative and innovation wil...
{"title":"Joseph Schumpeter, Allyn Young, and the future of capitalism","authors":"Ramesh Chandra","doi":"10.1080/01603477.2024.2395384","DOIUrl":"https://doi.org/10.1080/01603477.2024.2395384","url":null,"abstract":"Schumpeter placed the entrepreneur and innovation at the center of capitalism and thought that once monopoly capitalism inevitably emerges, the link between individual initiative and innovation wil...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142259339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-18DOI: 10.1080/01603477.2024.2374573
Sheetal K. Chand
Keynes extended his Principle of Effective Demand (PED), which explains how effective demand determines employment, to cover changes in effective demand and, inter alia, their price and output effe...
{"title":"Extending the “principle of effective demand” – did Keynes produce an ad hoc tautology?","authors":"Sheetal K. Chand","doi":"10.1080/01603477.2024.2374573","DOIUrl":"https://doi.org/10.1080/01603477.2024.2374573","url":null,"abstract":"Keynes extended his Principle of Effective Demand (PED), which explains how effective demand determines employment, to cover changes in effective demand and, inter alia, their price and output effe...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142218410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-08DOI: 10.1080/01603477.2024.2378744
Norberto Montani Martins, Paula Sarno, Carmem Feijó
The increase in households’ indebtedness has been a striki ng feature of the Brazilian economy since the 2000s. This paper aims at analyzing the evolution of Brazilian households’ indebtedness and financial fragility from 2005 to 2023. The hypothesis is that ‘Great Indebtedness’ is related to an increase in Brazilian households’ financial fragility. As a theoretical reference, the paper uses the Minskyan idea of ‘survival constraint,’ originally used to analyze the management of cash flows and balance sheets by firms, applied to households: to ‘survive,’ households are required to keep cash-inflows and outflows balanced – in their case, this word is even more appropriate, because personal bankruptcy can be associated with evictions, poverty, and famine, among other social vulnerabilities. In the empirical part, the paper combines an analysis of descriptive statistics of BCB data and a novel composite index of Brazilian households’ financial fragility based on debt service, labor underutilization, quality of loans and delinquency rates. An analysis of data suggests that financial fragility follows the dynamics of mini-cycles, and periods of increase in indebtedness are not necessarily contemporary to periods of increasing financial fragility: for instance, the COVID-19 crisis prompted a significant increase in indebtedness, but other policies such as unconditional cash transfers were able to provide the necessary cash-flows for Brazilian households managing their ‘survival constraints’ in a more flexible way. Despite this, we highlight the indebtedness and financial fra gility of households is a major feature of Brazil’s economic and social degradation nowadays.
{"title":"Household financial fragility in Brazil (2005–2023): a minskyan analysis","authors":"Norberto Montani Martins, Paula Sarno, Carmem Feijó","doi":"10.1080/01603477.2024.2378744","DOIUrl":"https://doi.org/10.1080/01603477.2024.2378744","url":null,"abstract":"The increase in households’ indebtedness has been a striki ng feature of the Brazilian economy since the 2000s. This paper aims at analyzing the evolution of Brazilian households’ indebtedness and financial fragility from 2005 to 2023. The hypothesis is that ‘Great Indebtedness’ is related to an increase in Brazilian households’ financial fragility. As a theoretical reference, the paper uses the Minskyan idea of ‘survival constraint,’ originally used to analyze the management of cash flows and balance sheets by firms, applied to households: to ‘survive,’ households are required to keep cash-inflows and outflows balanced – in their case, this word is even more appropriate, because personal bankruptcy can be associated with evictions, poverty, and famine, among other social vulnerabilities. In the empirical part, the paper combines an analysis of descriptive statistics of BCB data and a novel composite index of Brazilian households’ financial fragility based on debt service, labor underutilization, quality of loans and delinquency rates. An analysis of data suggests that financial fragility follows the dynamics of mini-cycles, and periods of increase in indebtedness are not necessarily contemporary to periods of increasing financial fragility: for instance, the COVID-19 crisis prompted a significant increase in indebtedness, but other policies such as unconditional cash transfers were able to provide the necessary cash-flows for Brazilian households managing their ‘survival constraints’ in a more flexible way. Despite this, we highlight the indebtedness and financial fra gility of households is a major feature of Brazil’s economic and social degradation nowadays.","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-23DOI: 10.1080/01603477.2024.2366798
Tainari Taioka, Fabio Henrique Bittes Terra
This paper analyzes if there was a transmission from the policy of real minimum wage adjustments undertaken in Brazil from 1995 to 2016 to consumer inflation. The literature that grounds the analys...
{"title":"An empirical analysis of the relationship between real wage appreciation and inflation in Brazil","authors":"Tainari Taioka, Fabio Henrique Bittes Terra","doi":"10.1080/01603477.2024.2366798","DOIUrl":"https://doi.org/10.1080/01603477.2024.2366798","url":null,"abstract":"This paper analyzes if there was a transmission from the policy of real minimum wage adjustments undertaken in Brazil from 1995 to 2016 to consumer inflation. The literature that grounds the analys...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141770326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-13DOI: 10.1080/01603477.2024.2355452
M. Byrialsen, Sebastian Valdecantos, Hamid Raza, Thibault Laurentjoye
{"title":"Functional income distribution, effective demand and wealth in Denmark – insights from an empirical stock-flow consistent model","authors":"M. Byrialsen, Sebastian Valdecantos, Hamid Raza, Thibault Laurentjoye","doi":"10.1080/01603477.2024.2355452","DOIUrl":"https://doi.org/10.1080/01603477.2024.2355452","url":null,"abstract":"","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141348522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-05DOI: 10.1080/01603477.2024.2355453
Sébastien Charles
{"title":"Standard Post-Keynesian investment functions and their demand regime: a comprehensive empirical estimation for France","authors":"Sébastien Charles","doi":"10.1080/01603477.2024.2355453","DOIUrl":"https://doi.org/10.1080/01603477.2024.2355453","url":null,"abstract":"","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141384884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-16DOI: 10.1080/01603477.2024.2327998
Farzad Javidanrad, Robert Ackrill, Dimitrios Bakas, Dean Garratt
Financialization occurs where, over time, capitalist economies undergo a transformation, with profit-making via investment in production declining, to be replaced by profit-making via investment in...
{"title":"Theorizing the process of financialization through the paradox of profit: the credit-debt reproduction mechanism","authors":"Farzad Javidanrad, Robert Ackrill, Dimitrios Bakas, Dean Garratt","doi":"10.1080/01603477.2024.2327998","DOIUrl":"https://doi.org/10.1080/01603477.2024.2327998","url":null,"abstract":"Financialization occurs where, over time, capitalist economies undergo a transformation, with profit-making via investment in production declining, to be replaced by profit-making via investment in...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140591037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-16DOI: 10.1080/01603477.2024.2318743
Hugo Carcanholo Iasco Pereira, Fabrício José Missio
The objective of this article is twofold. The first goal is to comprehend the effect of changes in the exchange rate on prices using a neo-structuralist approach. Our theoretical model showed that ...
本文有两个目标。第一个目标是利用新结构主义方法理解汇率变动对价格的影响。我们的理论模型表明...
{"title":"Exchange rate and inflation: a neo-structuralist approach for Brazilian manufacturing sectors (2010–2019)","authors":"Hugo Carcanholo Iasco Pereira, Fabrício José Missio","doi":"10.1080/01603477.2024.2318743","DOIUrl":"https://doi.org/10.1080/01603477.2024.2318743","url":null,"abstract":"The objective of this article is twofold. The first goal is to comprehend the effect of changes in the exchange rate on prices using a neo-structuralist approach. Our theoretical model showed that ...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140591043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-16DOI: 10.1080/01603477.2024.2334453
Luke Petach, David K. Wyant
Using data from the Medical Expenditure Panel Survey (MEPS) we estimate the fraction of the US population that is health poor. A person is health poor if their income prior to paying health insuran...
{"title":"Medical expenditures and the measurement of poverty in the United States","authors":"Luke Petach, David K. Wyant","doi":"10.1080/01603477.2024.2334453","DOIUrl":"https://doi.org/10.1080/01603477.2024.2334453","url":null,"abstract":"Using data from the Medical Expenditure Panel Survey (MEPS) we estimate the fraction of the US population that is health poor. A person is health poor if their income prior to paying health insuran...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140591024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-16DOI: 10.1080/01603477.2024.2328009
George Dotsis, Konstantinos Loizos
The idea of interrelated balance sheets is an integral part of modern Post-Keynesian Stock-Flow Consistent modeling which emphasizes the interaction between the financial and the real side of the e...
{"title":"Contingent claim analysis and Minsky’s financial instability hypothesis","authors":"George Dotsis, Konstantinos Loizos","doi":"10.1080/01603477.2024.2328009","DOIUrl":"https://doi.org/10.1080/01603477.2024.2328009","url":null,"abstract":"The idea of interrelated balance sheets is an integral part of modern Post-Keynesian Stock-Flow Consistent modeling which emphasizes the interaction between the financial and the real side of the e...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140613305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：