Skip to main content

Research Repository

Advanced Search

Profit aus Glaubenmachen - Gewinn aus Dichtung: Wirtschaft als Wahrheitskampf (2023)
Book Chapter
Berger, S. (2023). Profit aus Glaubenmachen - Gewinn aus Dichtung: Wirtschaft als Wahrheitskampf. In I. D. Gennaro, G. N. Schaefer, & S. E. Schuster (Eds.), Geld und Gewinn. Zur Erweiterung monetär-ökonomischer Logiken (11-40). Verlag Karl Alber

Die Wirtschaftswissenschaft der Moderne befasst sich maßgeblich mit der Frage, was der Markt ist bzw. wie vom Markt zu denken ist. Aus eigener Erfahrung teilen wir hier die Einsicht des Wirtschaftsphilosophen Philip Mirowski (2013), dass die in der H... Read More about Profit aus Glaubenmachen - Gewinn aus Dichtung: Wirtschaft als Wahrheitskampf.

CORE Econ: A neoclassical synthesis for the twenty-first century? (2023)
Journal Article
Michell, J. (2023). CORE Econ: A neoclassical synthesis for the twenty-first century?. Advances in Economics Education, 2(2), 145–162

This paper provides a critical review of CORE Econ’s The Economy and associated materials. It argues that there is a need for reworked economics textbooks and that CORE Econ’s approach to this project – to replace mathematical abstractions with relev... Read More about CORE Econ: A neoclassical synthesis for the twenty-first century?.

Rentiers and distributive conflict in Brazil (2000–2019) (2023)
Journal Article
Marques, P. R., & Rugitsky, F. (2024). Rentiers and distributive conflict in Brazil (2000–2019). Cambridge Journal of Economics, 48(2), 275-302. https://doi.org/10.1093/cje/bead053

The paper examines the determinants of rentier income in contemporary financialised capitalist economies by analysing the case of Brazil. It argues that different drivers of rentier income may have comparable potential to channel a substantial share... Read More about Rentiers and distributive conflict in Brazil (2000–2019).

What is heterodox economics? Insights from interviews with leading thinkers (2023)
Journal Article
Mearman, A., Berger, S., & Guizzo, D. (2023). What is heterodox economics? Insights from interviews with leading thinkers. Journal of Economic Issues, 57(4), 1119-1141

This article investigates heterodox economics, drawing on data from interviews we conducted with leading economists, using thematic analysis to identify three core concerns of our respondents: realism, power, and pluralism. Heterodox economists appea... Read More about What is heterodox economics? Insights from interviews with leading thinkers.

Macroeconomic policy at the end of the age of abundance (2023)
Journal Article
Michell, J. (2023). Macroeconomic policy at the end of the age of abundance. European Journal of Economics and Economic Policies: Intervention, 20(2), 369-387. https://doi.org/10.4337/ejeep.2023.0122

Progressive policy proposals influenced by post-Keynesian economics emphasise the use of fiscal policy and income redistribution to maintain aggregate demand at levels which achieve full employment. Given persistent evidence of weak demand, excess ca... Read More about Macroeconomic policy at the end of the age of abundance.

Dollar liquidity, financial vulnerability and monetary sovereignty (2023)
Journal Article
Jump, R. C., & Michell, J. (2023). Dollar liquidity, financial vulnerability and monetary sovereignty. Development and Change, 55(5), 1087-1113. https://doi.org/10.1111/dech.12799

Periods of dollar-led global monetary tightening generate negative effects in many lower- and middle-income countries. The tightening cycle which commenced in early 2022 has exacerbated the financial dislocation experienced by countries including Zam... Read More about Dollar liquidity, financial vulnerability and monetary sovereignty.

Undefined benefit: Fixing the UK pensions system (2023)
Report
Churchill, J., Bonizzi, B., Dutta, S., & Buller, A. (2023). Undefined benefit: Fixing the UK pensions system. https://www.common-wealth.org/: Common Wealth

...most people in the UK have very poor pension cover, and the distribution of pension assets is steeply unequal, with lower average cover for women and other disadvantaged groups. The vast, state-subsidised private pension assets built up by a rich... Read More about Undefined benefit: Fixing the UK pensions system.

The macroeconomics of austerity (2023)
Report
Michell, J., Calvert Jump, R., Meadway, J., & Nasciemento, N. (2023). The macroeconomics of austerity. https://progressiveeconomyforum.com: Progressive Economy Forum

A new study from the thinktank the Progressive Economics Forum (PEF), published today, uses official figures to show that the total economic damage inflicted by austerity is significantly higher than previously thought, needlessly cutting more than h... Read More about The macroeconomics of austerity.

UK pension funds’ patience and liquidity in the age of market-based finance (2023)
Journal Article
Bonizzi, B., Churchill, J., & Kaltenbrunner, A. (2023). UK pension funds’ patience and liquidity in the age of market-based finance. New Political Economy, 28(5), 780-798. https://doi.org/10.1080/13563467.2023.2184469

Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further... Read More about UK pension funds’ patience and liquidity in the age of market-based finance.

Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies (2023)
Journal Article
Ivlevs, A. (2023). Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies. Journal of Economic Issues, 57(1), 62-79. https://doi.org/10.1080/00213624.2023.2154537

Does the emerging middle class support democracy? This study provides a comparative analysis of political attitudes, actions, and preferences of the middle class in China, other countries characterized by authoritarian political regimes/tendencies (R... Read More about Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies.

The return of austerity imperils global health (2023)
Journal Article
Stubbs, T., Kentikelenis, A., Gabor, D., Ghosh, J., & McKee, M. (2023). The return of austerity imperils global health. BMJ Global Health, 8(2), e011620. https://doi.org/10.1136/bmjgh-2022-011620

Recognising the world's lack of preparedness for the COVID-19 pandemic, international organisations like the World Health Organization, World Bank, and International Monetary Fund are calling for extensive additional funding to strengthen pandemic pr... Read More about The return of austerity imperils global health.

Institutional supercycles: An evolutionary macro-finance approach (2023)
Journal Article
Dafermos, Y., Gabor, D., & Michell, J. (2023). Institutional supercycles: An evolutionary macro-finance approach. New Political Economy, 28(5), 693-712. https://doi.org/10.1080/13563467.2022.2161497

We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institu... Read More about Institutional supercycles: An evolutionary macro-finance approach.

Creating jobs in low- and middle-income countries through demand-side policies (2023)
Report
Michell, J., & Aboobaker, A. (2023). Creating jobs in low- and middle-income countries through demand-side policies. https://www.ilo.org: International Labour Organisation (ILO)

This brief focuses on demand-side policies for promoting employment in LMCs. The shifting consensus on macroeconomic policy in advanced economies, alongside growing acceptance of industrial policy, provides an important opportunity for reconsideratio... Read More about Creating jobs in low- and middle-income countries through demand-side policies.

Oil and US stock market shocks: Implications for Canadian equities (2023)
Journal Article
Heinlein, R., & Mahadeo, S. (2023). Oil and US stock market shocks: Implications for Canadian equities. Canadian Journal of Economics / Revue Canadienne d'Économique, 56(1), 247-287. https://doi.org/10.1111/caje.12641

Oil and US stock market shocks are relevant to Canadian equities because Canada is an oil exporter exposed to market developments in the wider continent. We evaluate how the relationship between Canadian stock market indices and such external shocks... Read More about Oil and US stock market shocks: Implications for Canadian equities.