Post Keynesian Economics
http://lists.repec.org/mailman/listinfo/nep-pke
Post Keynesian Economics
2024-03-11
An introduction to the distributional role of bank credit to workers in a surplus approach framework
http://d.repec.org/n?u=RePEc:pke:wpaper:pkwp2403&r=pke
The Classics and Marx, but also more recent contributions inspired by them, assume that the interest rate is a part of the profit rate. Over time, however, credit towards consumption and for the purchase of housing by workers has taken on greater and greater economic weight. This paper therefore aims to study this issue from a theoretical point of view, analysing its premises and implications. After investigating the necessary conditions on both the demand side (workers) and the supply side (banks), an attempt is made to analyse the distributional effects of a change in the interest rate. The results appear rather complex and difficult to interpret, suggesting a certain difficulty in identifying a simple dynamic that can be generalised to any economic context.
Riccardo Zolea
surplus approach; interest rate; mortgage
2024-02
Reflections on The History of Economics Society at 50: Losing our Way?
http://d.repec.org/n?u=RePEc:osf:socarx:ab7qr&r=pke
The task given to me for this issue was to discuss the history, challenges, and accomplishments of the History of Economics Society (HES) as I see them from my vantage point as a past president. I frame my remarks in terms of changes I believe have occurred in how our field has been pursued in the Society since I became involved.
Davis, John B.
2024-02-02
Neither Economist nor Historian
http://d.repec.org/n?u=RePEc:osf:socarx:tazd7&r=pke
Founded fifty years ago, the History of Economics Society served in its early years to support scholarship and teaching in the history of economic thought. But the decades long removal of history from economics departments and graduate programs has made the Society’s mission increasingly irrelevant to the larger community of economists. In this partially autobiographical essay, the author argues that it is long past time for the Society to reassess its place among learned societies. Some suggestions for HES renewal appear in the paper’s Appendix.
Weintraub, E. Roy
2024-02-02
The History of Economics Society Fifty Year Anniversary: Thoughts on my HES Life
http://d.repec.org/n?u=RePEc:osf:socarx:psv94&r=pke
This paper outlines my own career within the History of Economics Society, my contributions to the society, and its central importance to my research endeavors. It is impossible for me to imagine having the career I have had without the HES, and my own case highlights how the society functioned to mentor and develop my academic career. This mentoring function is, in my view, the society’s most important, and one that has become only more vital in the face of the declining interest in the area within mainstream economics departments in the US, Canada, and the UK.
Rutherford, Malcolm
2024-02-02
HES at 50—Reflections from the Geneva Lakeside on the Non-neutrality of History
http://d.repec.org/n?u=RePEc:osf:socarx:u9324&r=pke
This paper provides a personal reflection on the development, over 50 years, of the History of Economics Society. The (perhaps obvious) punchline is that history writing is not neutral, but entails stances about power and politics. These stances are all the more relevant in today's context, in which money buys history.
maas, harro
2024-02-02
Realist Evaluation
http://d.repec.org/n?u=RePEc:hal:journl:hal-04441388&r=pke
Realist evaluation is based on a conception of public policies as interventions that produce their outcomes through mechanisms that are only triggered in specific contexts. The analysis of these links between contexts, mechanisms and outcomes is therefore at the heart of this approach. This approach can be based on a variety of methods, but will in all cases use qualitative methods to investigate the mechanisms involved. Belonging to the family of theory-based evaluations, realist evaluation aspires to produce middle range theories that will facilitate the transfer of the knowledge produced on the intervention under study to other contexts or other interventions of the same type.
Sarah Louart
Habibata Balde
Emilie Robert
Valéry Ridde
Qualitative methods, theory-based evaluation, context-mechanism-outcome (CMO) configurations, middle range theory, critical realism
2023-07-14
Two neglected origins of inequality: hierarchical power and care work
http://d.repec.org/n?u=RePEc:ssa:lemwps:2024/04&r=pke
Are wages really a good proxy of the value of labour? Or, alternatively, do they largely reflect socio-institutional embedded practices of current societies according to which a manager deserves to be paid more than a nurse? This paper studies the determinants of wage remuneration and wage distribution focusing on two neglected origins of inequality: hierarchical power and care-work. Our contributions include, first the construction of a new synthetic indicator able to capture and quantitatively assess the distribution of power across occupations; second, the development of an indicator able to fine grained account for care jobs; third, the econometric estimation of the determinants of wage levels and wage distribution contrasting our new proxies for occupational attributes of care and power versus the benchmark Mincer equation and the routine task index. Our results downplay the role of the accustomed routine task index in determining the wage remuneration and prove the role of the socioinstitutional embeddedness of wage determination, rooted on hierarchical positions and largely discarding the role of essentiality in the executed job activity.
Armanda Cetrulo
Dario Guarascio
Maria Enrica Virgillito
wage determination, social classes, labour-process, managerial functions, care jobs
2024-02-16