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Educational attainment and the Brexit vote (2019)
Journal Article
Jump, R. C., & Michell, J. (in press). Educational attainment and the Brexit vote. Environment and Planning A, https://doi.org/10.1177/0308518X19866465

© The Author(s) 2019. 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 immediat... 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

Goodwin cycles result from the dynamic interaction between a profit-led demand regime and a reserve army effect in income distribution. The paper proposes the concept of a pseudo-Goodwin cycle. We define this as a counter-clockwise movement in output... Read More about Pseudo-Goodwin cycles in a Minsky model.

Book review: Interacting multiagent systems by Lorenzo Pareschi and Giuseppe Toscani (2016)
Journal Article
Michell, J. (2016). Book review: Interacting multiagent systems by Lorenzo Pareschi and Giuseppe Toscani. Mathematical Gazette, 100(548), 376-378. https://doi.org/10.1017/mag.2016.92

Book review

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

The Collected Works of F. A. Hayek, Volume 7: Business Cycles Part I; The Collected Works of F. A. Hayek, Volume 8: Business Cycles Part II (2015)
Journal Article
Michell, J. (2015). The Collected Works of F. A. Hayek, Volume 7: Business Cycles Part I; The Collected Works of F. A. Hayek, Volume 8: Business Cycles Part II. Review of Political Economy, 27(3), 466-471. https://doi.org/10.1080/09538259.2015.1067029

Book Review

Saving the eurozone: Modelling an alternative vison of Europe. (2015)
Report
Michell, J. (2015). Saving the eurozone: Modelling an alternative vison of Europe

This Policy Brief tries to envisage a different Europe. It is the second in a series of three in which future macroeconomic scenarios for Europe are analysed using projections generated by the Cambridge-Alphametrics Model (CAM). This Policy Brief exp... Read More about Saving the eurozone: Modelling an alternative vison of Europe..

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.

Book review: 'Treatise on Money' by J. A. Schumpeter (2014)
Journal Article
Michell, J. (2014). Book review: 'Treatise on Money' by J. A. Schumpeter. Economic Issues, 19(2), 86-88

Development, demography and migration (2014)
Book Chapter
McKinley, T., Cozzi, G., & Michell, J. (2014). Development, demography and migration. In J. Eatwell, T. McKinley, & P. Petit (Eds.), Challenges for Europe in the World, 2030Ashgate

The price mechanism and the distribution of income in Kalecki's economics and post-Kaleckian economics (2013)
Book Chapter
Michell, J. (2013). The price mechanism and the distribution of income in Kalecki's economics and post-Kaleckian economics. In R. Bellofiore, E. Karwowski, & J. Toporowski (Eds.), The Legacy of Rosa Luxemburg, Oskar Lange and Michal Kalecki, 179-204. Palgrave Macmillan

Critical Observations on Financialization and the Financial Process (2013)
Journal Article
Michell, J., & Toporowski, J. (2013). 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.

Review of 'Unemployment, recession and effective demand: The contributions of Marx, Keynes and Kalecki', by Claudio Sardoni (2013)
Journal Article
Michell, J. (2013). Review of 'Unemployment, recession and effective demand: The contributions of Marx, Keynes and Kalecki', by Claudio Sardoni. Economic Issues, 18(2), 119-120

How can the EU Federal Government spearhead an employment-led recovery? (2013)
Other
McKinley, T., Cozzi, G., Michell, J., & Bargawi, H. (2013). How can the EU Federal Government spearhead an employment-led recovery?

Handbook of critical issues in finance (2012)
Book
Toporowski, J., & Michell, J. (2012). Handbook of critical issues in finance. Edward Elgar Publishing

Crisis in the eurozone (2012)
Book
Lapavitsas, C., Kaltenbrunner, A., Labrinidis, G., Lindo, D., Meadway, J., Michell, J., …L, V. (2012). Crisis in the eurozone. London: Verso

The stock-flow consistent approach with active financial markets (2012)
Book Chapter
Michell, J., & Toporowski, J. (2012). The stock-flow consistent approach with active financial markets. In D. Papadimitriou, & G. Zezza (Eds.), Contributions to Stock-Flow Modelling: Essays in Honor of Wynne Godley, 173-196. Palgrave Macmillan

Eurozone crisis: Beggar thyself and thy neighbour (2010)
Journal Article
Lapavitsas, C., Kaltenbrunner, A., Lindo, D., Michell, J., Painceira, J. P., Pires, E., …Teles, N. (2010). Eurozone crisis: Beggar thyself and thy neighbour. Journal of Balkan and Near Eastern Studies, 12(4), 321-373. https://doi.org/10.1080/19448953.2010.510012

Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income
Working Paper
Michell, J. (2014). Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income

The distribution of income between capital and labour has, until very recently, been ignored by the majority of the economics profession. At the same time, the rate of wage growth has systematically lagged the growth of productivity, leading to a fal... Read More about Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income.