Posts on economics, economic theory and history.
[29 Oct]Sources of economic growth in the US, UK, Germany & Japan, 1990-2019 Separating productivity from labour force expansion[19 Jul]The COVID-19 crash and future scenarios Follow-up to 2020 article on globalisation[29 Feb]1990-2020, the false dawn of globalization? Climate change, epidemics and political chaos might end globalization[02 Mar]Dynamic behavior of sequentially determined values Weird properties of dynamic labor values[12 Jan]A toy model of dynamic prices of production With labor values and equilibrium[18 Nov]The monetary circuit (I) Monetary realization of profits by a multiplier effect[28 Oct]Expanded reproduction and the Kalecki principle Profits = investment + capitalist consumption?[30 Sep]The reproduction schema and the 'Keynesian multiplier' (II) Reproduction and input-output analysis[20 Sep]The reproduction schema and the 'Keynesian multiplier' (I) Multiplier effect with one sector[11 Sep]Misgivings about world-systems theory Is WST ultimately a weird form of nationalism?