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Progressive tax reform (2021)
Book Chapter
Michell, J. (2021). Progressive tax reform. In P. Allen, S. J. Konzelmann, & J. Toporowski (Eds.), The Return of the State - Restructuring Britain for the Common Good (208). Agenda Publishing Limited

The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development? (2021)
Journal Article
Dafermos, Y., Gabor, D., & Michell, J. (in press). The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development?. Canadian Journal of Development Studies / Revue canadienne d'études du développement, 42(1-2), 238-251. https://doi.org/10.1080/02255189.2020.1865137

The COVID-19 pandemic has reinforced the dominance of what Daniela Gabor calls the Wall Street Consensus (WSC) as the hegemonic approach to sustainable development. Public commitments to “green recoveries” and climate resilience, growing fiscal defic... Read More about The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development?.

Education and the geography of Brexit (2020)
Journal Article
Calvert Jump, R., & Michell, J. (in press). Education and the geography of Brexit. Journal of Elections, Public Opinion and Parties, https://doi.org/10.1080/17457289.2020.1839471

While it is well established that educational attainment is highly correlated with Brexit voting patterns, the predictive capacity of education has attracted less attention. Using full-sample and split-sample exercises, this paper demonstrates that e... Read More about Education and the geography of Brexit.

Institutional supercycles: An evolutionary macro-finance approach (2020)
Working Paper
Dafermos, Y., Gabor, D., & Michell, J. (2020). Institutional supercycles: An evolutionary macro-finance approach

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

How is income distributed? (2020)
Book Chapter
Michell, J. (2020). How is income distributed?. In Recharting the History of Economic Thought. , (111-130). Macmillan

Educational attainment and the Brexit vote (2019)
Journal Article
Jump, R. C., & Michell, J. (2020). Educational attainment and the Brexit vote. Environment and Planning A, 52(5), 829-832. https://doi.org/10.1177/0308518X19866465

The Brexit vote is the most significant political event in recent British history. We present bivariate choropleth maps comparing the Leave vote share with age-adjusted secondary educational attainment. This provides an immediate visual representatio... Read More about Educational attainment and the Brexit vote.

Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit (2016)
Journal Article
Michell, J. (2017). Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit. Metroeconomica, 68(2), 354-377. https://doi.org/10.1111/meca.12149

© 2016 John Wiley & Sons Ltd The rise of the shadow banking system is viewed through the theoretical lens of Graziani's Monetary Theory of Production. Graziani's categories of ‘initial finance’ and ‘final finance’ are used to analyse the new forms... Read More about Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit.

Pseudo-Goodwin cycles in a Minsky model (2016)
Journal Article
Stockhammer, E., & Michell, J. (2017). Pseudo-Goodwin cycles in a Minsky model. Cambridge Journal of Economics, 41(1), 105-125. https://doi.org/10.1093/cje/bew008

© The Author 2016. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. Goodwin cycles result from the dynamic interaction between a profit-led demand regime and a reserve army effect in inco... Read More about Pseudo-Goodwin cycles in a Minsky model.

Money supply (2015)
Book Chapter
Michell, J., & Stockhammer, E. (2015). Money supply. In L. Rochon (Ed.), The Encyclopedia Of Central Banking, 368-369. Edward Elgar

Income distribution and the financial and economic crisis (2015)
Book Chapter
Michell, J. (2015). Income distribution and the financial and economic crisis. In E. Hein, D. Detzer, & N. Dodig (Eds.), The Demise Of Finance-Dominated Capitalism Explaining the Financial and Economic Crises, 240-264. Edward Elgar

Critical observations on financialization and the financial process (2014)
Journal Article
Michell, J., & Toporowski, J. (2014). Critical observations on financialization and the financial process. International Journal of Political Economy, 42(4), 67-82. https://doi.org/10.2753/IJP0891-1916420404

© 2013, Copyright Taylor & Francis Group, LLC. The term "financialization" is a recognition that finance has come to play a key role on the modern capitalist economy. But users of the term do not agree on its meaning and recognition of the growing... Read More about Critical observations on financialization and the financial process.

Speculation, financial fragility and stock-flow consistency (2014)
Book Chapter
Michell, J. (2014). Speculation, financial fragility and stock-flow consistency. In R. Bellofiore, & G. Vertova (Eds.), The Great Recession And The Contradictions Of Contemporary CapitalismEdward Elgar

This paper uses a simple stock-flow consistent accounting framework as the basis for an analysis of the speculative financial behaviour of firms and households during a period of rising asset prices. Some shortcomings of Minsky’s theory of the busine... Read More about Speculation, financial fragility and stock-flow consistency.