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Author: Dimitri B. Papadimitriou
Publisher: Springer
ISBN: 1349117862
Category : Business & Economics
Languages : en
Pages : 391
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Book Description
The papers drawn together in this book seek to make a contribution in the study of an important area in economics - profits. There are insights into the questions of the inter-relationships between profits, corporate investment and financing activity and the causes of government deficits.
Author: Dimitri B. Papadimitriou
Publisher: Springer
ISBN: 1349117862
Category : Business & Economics
Languages : en
Pages : 391
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Book Description
The papers drawn together in this book seek to make a contribution in the study of an important area in economics - profits. There are insights into the questions of the inter-relationships between profits, corporate investment and financing activity and the causes of government deficits.
Author: L. Randall Wray
Publisher: Edward Elgar Publishing
ISBN: 184720189X
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the study of money, financial markets and financial instability. Indeed, this is perhaps the area to which Post Keynesians have made the greatest contributions. The authors to this volume present an overview of the latest research on monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought. They provide an indication of the wide-ranging interests and of the truly international scope of Post Keynesian research. The first half of the volume is theoretical, while the second half includes papers that are either empirical or more focused on specific concerns. This book will find an appreciative audience in economists generally as well as Post Keynesian, other heterodox economists and macroeconomists specifically.
Author: Ascension Mejorado
Publisher: Taylor & Francis
ISBN: 1000956334
Category : Business & Economics
Languages : en
Pages : 311
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Book Description
The 1970s were a pivotal decade for the US economy: deindustrialization broke the power of the labor unions and made possible the redistribution of income in favor of corporate profits; globalization and offshore investments opened alternatives to domestic nonfinancial capital accumulation; domestic productivity growth declined; and labor-saving technology empowered superstar corporations to rapidly gain market share. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance. Neoliberalism restored the power of rentiers but not the profit rates of nonfinancial corporations. Falling accumulation rates weakened the growth capacity of nonfinancial corporate firms and secular stagnation became the norm. Neo-Keynesian economists, Larry Summers and Paul Krugman, explained the persistence of secular stagnation with arguments borrowed from Alvin Hansen in the 1930s, such as the declining birth rate or the falling relative prices of investment goods, hence a shortfall of demand. In the Classical paradigm, profitability drives capital accumulation and falling profitability slows down growth. As the accumulation rate declined and the capacity growth diminished, breakdowns in supply links, due to the COVID-19 pandemic, prevented large infusions of purchasing power to find matching levels of supply, hence the stagflation crisis returned. The book will be a great asset to researchers and scholars interested in the development of Classical Political Economy concerning issues related to inflation, stagnation, growing inequality, and the next phase of neoliberalism.
Author: Hyman P. Minsky
Publisher: McGraw Hill Professional
ISBN: 0071593004
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.
Author: L Randall Wray
Publisher: Princeton University Press
ISBN: 0691178402
Category : Business & Economics
Languages : en
Pages : 285
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Book Description
Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maverick economist’s critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. As Wray explains, Minsky’s most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky’s insight. Wray also introduces Minsky’s significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability. A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe—and what we can do about it.
Author: Nazir Ahmad Gilkar
Publisher: Atlantic Publishers & Dist
ISBN: 9788126909117
Category : Finance
Languages : en
Pages : 182
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Book Description
The Present Book Is A Sincere Attempt To Present The Current Trends In Financial Analysis In Their Entirety. It Aims At Helping The Students And Researchers In Their Respective Academic Pursuits As Well As The Managers In Their Easy Grasping Of The Techniques Of Profitability Analysis That Are Indispensable For Decision-Making In Business Enterprises.The Book In Eight Chapters Highlights The Role Of Profitability In A Business Enterprise Operating In A Competitive Environment And Discusses The Various Techniques Of Profitability Analysis. It Explores The Factors Contributing To The Non-Utilization Of The Available Capacity And Assesses Its Direct Bearing On The Value-Added Generation And Ultimately On The Profitability. It Reflects The Significance Of Cost-Effectiveness For A Business Enterprise And Focuses On The Strategies Needed To Meet The Challenges Posed By Liberalized Economy. Furthermore, The Book Offers A Detailed Study With Regard To The Turnover Of Various Components Of The Capital Employed And The Varied Factors Influencing The Operations Thereof. In Addition, It Makes An In-Depth Study Of Financial Health/Performance Of Enterprise, Social Profitability, Ancillary Development And Corporate Restructuring. Besides, Three Papers On The Allied Topics Presented In Seminars Have Also Been Included Herein Which Will Prove Informative And Useful Particularly To The Researchers In The Discipline Of Commerce And Management.A Unique Feature Of The Book Is That Different Research Settings Have Been Adopted For Each Chapter, Appropriate Statistical Techniques Applied For Data Analysis And The Results Thus Arrived At Have Been Discussed And Interpreted. References Have Been Given At The End Of Each Chapter Together With A Bibliography And Subject Index At The Close Of The Book Which Will Facilitate Quick Understanding And Further Perusal Of The Subject Matter. It Is Hoped That The Book Will Prove A Valuable Asset To The Students, Researchers And Practitioners Concerned With Commerce And Business.
Author: Henry Silke
Publisher: Taylor & Francis
ISBN: 1000881008
Category : Language Arts & Disciplines
Languages : en
Pages : 337
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Book Description
Closely examining how the news media reports economic and financial matters, this book equips students with solid methodological skills for reading and interpreting the news alongside a toolkit for best practice as an economic journalist. How to Read Economic News combines theory and practice to explore the discourse surrounding economics in the mass media and how this specialised form of reporting can be improved. Beginning by introducing major concepts such as financialised economic reporting, media amnesia and loss of trust, the book goes on to help students to interpret, understand and analyse existing news discourse and to identify subtle biases in news reports stemming from hegemonic belief systems. The final section puts this analytical knowledge into practice, providing students with methods for the critical production of news and covering such skills as identifying newsworthiness, story sourcing, achieving clarity, and using complex datasets in news stories. This is a key text for students and academics in the fields of financial journalism and critical discourse analysis who wish to approach the subject with a critical eye.
Author: Haris Psarras
Publisher: Ashgate Publishing, Ltd.
ISBN: 1409497860
Category : Law
Languages : en
Pages : 318
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Book Description
Bringing together established academics and new researchers, the chapters in this collection interrogate the operation of 'the public' in a range of different legal, illegal and alegal spaces. The key question which frames the contributions is whether and in what manner 'the public' operates as an interface between law and society, allowing the interests and opinions of the population at large to be represented and reflected in legal discourse, such that collectively generated imperatives may be imposed upon political and economic actors. Multi-disciplinary in its approach, the volume reflects an understanding that there is more to the role of 'the public' in relation to law than the conventional demarcation of the field of 'public law' and that this relationship is open to comment from a wide range of actors.
Author: Per Gunnar Berglund
Publisher: Psychology Press
ISBN: 9780415701563
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
While recent developments in monetary theory have quickly spread to policy analysis and practice and the media, the same is not true of fiscal policy. This key book assesses these issues through contributions from a host of top names.
Author: Ziolo, Magdalena
Publisher: IGI Global
ISBN: 1799810356
Category : Business & Economics
Languages : en
Pages : 383
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Book Description
Sustainable development is necessary to counteract and mitigate the impact of socially harmful forces in a globalized world. However, sustainable development and its organizations must ensure the effective management of their funds and beneficial financial frameworks in order to best realize their sustainable goals. There is a need for studies that seek to understand how to connect sustainable development and the financial world in order to maximize the economic and environmental wellbeing of the world. Social, Economic, and Environmental Impacts Between Sustainable Financial Systems and Financial Markets is a pivotal reference source that examines the funding and monetary utilization of environmental and socially-responsible entities. Featuring research on topics such as green taxes, intergenerational equity, and shadow economy, this book is ideally designed for government officials, policymakers, economists, financial managers, sustainability developers, and academicians seeking current research on the relationship between new sustainable financial phenomena and negative global externalities.
