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on Post Keynesian Economics |
| By: | Charles, Sébastien; Marie, Jonathan |
| Abstract: | This article traces the evolution of the Post-Keynesian school in France since the mid-1970s. Starting out inauspiciously from a Keynesian tradition of little influence, the school’s growth was slowed by strong competition from other schools (both orthodox and heterodox) in a context of limited recruitment of permanent researchers at universities. Despite this, some momentum has been built up in France since 2000s. Today, the French Post-Keynesian school is well structured, internationally integrated, and capable of hybridizing with certain heterodox schools. Nevertheless, the trend remains shaky. |
| Keywords: | Post-Keynesians; France; Heterodoxy |
| JEL: | B22 B59 |
| Date: | 2025–01–05 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123348 |
| By: | Deza, María Cecilia; Dondo, Mariana; Jara, H. Xavier; Rodríguez Guerrero, David Arturo; Torres, Javier |
| Abstract: | This paper aims to assess the extent to which cash transfers, direct taxes, and social contributions help to reduce gender income inequalities in seven Latin American countries: Argentina, Bolivia, Colombia, Ecuador, Mexico, Peru, and Uruguay. We apply microsimulation techniques to household survey data and allocate incomes within the household, assuming that each person retains the income they receive (e.g., earnings, benefits targeting mothers) and pays taxes and social insurance contributions on an individual basis according to each countrys rules. Then, we compare gender income ratios based on market (before taxes and benefits) and disposable (after taxes and benefits) income. Our results show that, at the bottom of the distribution, tax-benefit systems significantly reduce gender income disparities in most countries due to the effect of social assistance benefits received by mothers in poor households. Additionally, we find that women have substantially higher poverty rates than men based on individual disposable income. Gender differences in poverty fade away when income is pooled at the couple level and, even more so, at the household level. |
| Keywords: | taxes;benefits;microsimulation;gender gap |
| JEL: | D31 J16 H24 I32 I38 |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:idb:brikps:13941 |
| By: | Jose Mauricio Gomez Julian |
| Abstract: | The long-term estimation of the Marxist average rate of profit does not adhere to a theoretically grounded standard regarding which economic activities should or should not be included for such purposes, which is relevant because methodological non-uniformity can be a significant source of overestimation or underestimation, generating a less accurate reflection of the capital accumulation dynamics. This research aims to provide a standard Marxist decision criterion regarding the inclusion and exclusion of economic activities for the calculation of the Marxist average profit rate for the case of United States economic sectors from 1960 to 2020, based on the Marxist definition of productive labor, its location in the circuit of capital, and its relationship with the production of surplus value. Using wavelet-transformed Daubechies filters with increased symmetry, empirical mode decomposition, Hodrick-Prescott filter embedded in unobserved components model, and a wide variety of unit root tests the internal theoretical consistency of the presented criteria is evaluated. Also, the objective consistency of the theory is evaluated by a dynamic factor auto-regressive model, Principal Component Analysis, Singular Value Decomposition and Backward Elimination with Linear and Generalized Linear Models. The results are consistent both theoretically and econometrically with the logic of Marx's political economy. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2501.06270 |
| By: | Henrekson, Magnus (Research Institute of Industrial Economics (IFN)); Jonung, Lars (Department of Economics, Lund University); Lundahl, Mats (Development Economics, Stockholm School of Economics) |
| Abstract: | We provide a critical analysis of the adoption of the US ‘top-five model’ by European economics academia. This model prioritizes publications in five elite journals, heavily influencing the career trajectories of doctoral students and researchers. It highlights the inefficiencies and social costs of this system, including the overemphasis on narrowly focused research topics and methodologies that align with US editorial preferences. This undermines innovation, interdisciplinary exploration, and economic research on issues of high social relevance in the home countries. The dominance of US institutions in setting these standards, disadvantages European scholars. We propose reforms for more diverse evaluation criteria that account for local relevance and broader scholarly contributions, suggesting that such changes would better align with European academic and societal needs. These adjustments aim to create a more balanced and impactful academic landscape while fostering a wider range of meaningful research outputs. |
| Keywords: | Criteria for hiring and promotion; European economics; Pluralism; Research productivity |
| JEL: | A11 A14 I23 J44 J62 |
| Date: | 2025–01–29 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:iuiwop:1519 |
| By: | Mosquera Rodas, Jhon Jairo |
| Abstract: | An analysis is made of the phenomenon of overproduction of capitalism with the corresponding consequences that this has for the generation and subsequent deterioration of the capitalist system, contributing the element of proportional dynamic equilibrium as a principle of economic regulation, together with the pre-model of circulation in the global economy that admits a progressive and functional organisation that allows the reorganisation of the economy under the dynamics of the collective, without this having as a consequence the loss of economic, social or cultural identity of the nations that participate in this process. |
| Keywords: | economy, crisis, regulate, prevention, intervention |
| JEL: | A10 A19 |
| Date: | 2023–06–27 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123281 |