Theorising non-bank financial intermediation (2024)
Journal Article
Michell, J. (2024). Theorising non-bank financial intermediation. Review of Keynesian Economics, 12(2), 181-196. https://doi.org/10.4337/roke.2024.02.04

The expansion of non-bank financial intermediation (NBFI) presents a challenge for monetary theories which emphasise the macroeconomic significance of commercial bank lending. The heterodox literature which has emerged since the 2008 crisis falls rou... Read More about Theorising non-bank financial intermediation.

On the economics of cross-border reparation payments: The case for a bank of international reparations (2024)
Journal Article
Sissoko, C. (in press). On the economics of cross-border reparation payments: The case for a bank of international reparations. Development and Change,

This essay considers the challenge of ensuring that international reparation payments are effective in benefiting the recipient countries of the reparations. In order to ensure that these financial flows provide long-term benefit to the recipient eco... Read More about On the economics of cross-border reparation payments: The case for a bank of international reparations.

Banks are different: Why bank-based versus market-based lending is a false dichotomy (2024)
Journal Article
Sissoko, C. (in press). Banks are different: Why bank-based versus market-based lending is a false dichotomy. European Journal of Economics and Economic Policies: Intervention, https://doi.org/10.4337/ejeep.2024.0131

This paper introduces modern readers to ‘banking theory’, that is, to the understanding of the banking system that was held by academics and practitioners in the early years of the twentieth century. This theory contrasts with the theoretic framework... Read More about Banks are different: Why bank-based versus market-based lending is a false dichotomy.

Karl Polanyi’'s and K. William Kapp’'s arguments on social costs: Is there a common “revolutionary” raison d’'être? (2024)
Journal Article
Berger, S. (2024). Karl Polanyi’'s and K. William Kapp’'s arguments on social costs: Is there a common “revolutionary” raison d’'être?. Ecological Economics, 219, Article 108131. https://doi.org/10.1016/j.ecolecon.2024.108131

This article examines Karl Polanyi's and K. William Kapp's social cost proposals to test their suitability for a “revolutionary” Social Ecological Economics that radically breaks with neoclassical and neoliberal paradigms. Whilst some coherence is re... Read More about Karl Polanyi’'s and K. William Kapp’'s arguments on social costs: Is there a common “revolutionary” raison d’'être?.

Individualism, universalism and climate change (2024)
Journal Article
Hinks, T., & Douarin, E. (in press). Individualism, universalism and climate change. Journal of Institutional Economics, 20, Article e17

Is “individualism” pure selfishness?. The climate change literature often assumes so. However, individualism can be seen as capturing values aligned with self-determination and self-achievement but also universalism. Indeed, cultural psychology recog... Read More about Individualism, universalism and climate change.