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on Post Keynesian Economics |
| By: | Toporowski, Jan |
| Abstract: | This paper commemorates the 70th anniversary of Kalecki’s seminal lecture in Mexico on financing economic development. The first part outlines the theoretical model underlying Kalecki’s view of development financing. The second part summarizes the foundations of structuralist development economics in the Pre-bisch-Singer approach to international trade and importsubstitution development strategies. The third part examines the confrontation between Kalecki’s view of economic development strategy and the structuralist approach in the case of Cuba, highlighting the differences between both perspectives. The fourth part concludes with some reflections on today's relevance of structuralism and Kalecki’s view of economic development. |
| Keywords: | development financing; economic development; Kalecki; structuralism |
| JEL: | E11 E12 F14 O11 |
| Date: | 2026–01–05 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:130979 |
| By: | André Braz Golgher (Cedeplar/UFMG) |
| Abstract: | Ecological economics is a transdisciplinary attempt to deal with complex non-linear systems of humans and nature, merging aspects of economics, environmental economics, ecology and environmental studies, among others knowledge fields. This paper introduces some of the concepts of this field initially describing the Anthropocene and planet boundaries, the impossibility of continuous economic growth, the necessity of decreasing inequality levels, failures of market allocation, and human nature and well-being. Besides, the paper illustrates policies addressing sustainable scale, inequality levels and problems of market allocation having as background the Brazilian reality. In addition, the paper presents a pluralistic perspective of ecological economics, including some ongoing debates among prominent researchers in the field. Hence, this paper proposes to be a didactic introduction of ecological economics illustrated with applications from Global South. |
| Keywords: | Ecological economics; Subjective well-being; degrowth; inequality; Global South. |
| JEL: | Q57 |
| Date: | 2025–12 |
| URL: | https://d.repec.org/n?u=RePEc:cdp:texdis:td691 |
| By: | Bezemer, Dirk (University of Groningen) |
| Abstract: | Contemporary capitalism is characterized by ‘macrofinancial slippage’: the growth of assets andliabilities in excess of the growth of activity and saving. This paper presents empirical evidence anddevelops an explanation centered on asset markets. In the Schumpeter-Keynes-Minsky view of theeconomy, money and finance are endogenous, hierarchical, dynamic and hybrid. In the context ofthe post-Keynesian financial-monetary circuit and given financial liberalization, this leads to fourprocesses: an innate tendency for finance to expand; for this expansion to go beyond investmentand spending; growing complexity of the financial sector; and Treasury and central bank policiesthat support capital gains. Combined with insufficient public investment and balance sheet spacefor private profit and investment, this leads to macrofinancial slippage. The paper concludes withpolicy implications and new research questions on capital gains. |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:gro:rugfeb:2025008-gem |
| By: | Brendan Brundage; Dan J. McGee; Daniele Tavani |
| Abstract: | We review new developments in formal theory as applied to racial stratification. Across this literature, we discuss how discrimination produces benefits for advantaged groups at a cost to marginalized groups, how groups resolve conflicts between individual and collective interests, how direct discrimination is transformed into persistent inequality, and the implications of these forces for racial disparities, efficiency, and social welfare. For researchers active in Stratification Economics, we highlight parallels between intuitions about dimensions of racial discrimination and inequality developed by SE and insights from formal models by theorists outside SE. For formal theorists interested in working on questions of race and inequality, we provide an overview of how SE conceptualizes racial stratification and identify open questions where formal theory can provide more rigorous micro-foundations to these intuitions. |
| JEL: | D74 F54 J15 J71 Z13 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:34619 |