Details about Thomas I. Palley

Homepage:	http://thomaspalley.com/
Workplace:	Forum for Macroeconomics and Macroeconomic Policies, Hans Böckler Stiftung (Hans Böckler Foundation), (more information at EDIRC)

Access statistics for papers by Thomas I. Palley.

Last updated 2025-08-07. Update your information in the RePEc Author Service.

Short-id: ppa636

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Working Papers

2025

1. The Kuznets curve versus cycles: rethinking the determination and long-run evolution of income distribution
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2024

2. Paul Davidson (1930-2024) and the founding of Post-Keynesian economics
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
3. Rethinking conflict inflation: the hybrid Keynesian - NAIRU character of the conflict Phillips curve
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
4. The military-industrial complex as a variety of capitalism and threat to democracy: rethinking the political economy of guns versus butter
   Working Papers, Post Keynesian Economics Society (PKES) View citations (1)
5. Varieties of capitalism and societal happiness: theory and empirics
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2023

6. Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
   See also Journal Article Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas, Review of Keynesian Economics, Edward Elgar Publishing (2023) View citations (1) (2023)
7. Keynes' denial of conflict: why The General Theory is a misleading guide to capitalism and stagnation
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
   See also Journal Article Keynes’ denial of conflict: Why The General Theory is a misleading guide to capitalism and stagnation, Japanese Economy, Taylor & Francis Journals (2023) View citations (2) (2023)
8. The theory of monetary disorder: debt finance, existing assets, and the consequences of prolonged monetized budget deficits and ultra-easy monetary policy
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2022

9. More on the limits of New Developmentalism
   Working Papers, Post Keynesian Economics Society (PKES)
10. The false promise and bitter fruit of Neoliberalism
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
11. Theorizing dollar hegemony, Part 1: the political economic foundations of exorbitant privilege
    Working Papers, Post Keynesian Economics Society (PKES)
12. Theorizing varieties of capitalism: economics and the fallacy that "There is no alternative (TINA)"
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
    See also Chapter Theorizing Varieties of Capitalism: economics and the fallacy that 'there is no alternative (TINA)', Chapters, Edward Elgar Publishing (2023) (2023)

2021

13. Financialization revisited: the economics and political economy of the vampire squid economy
    Working Papers, Post Keynesian Economics Society (PKES) View citations (4)
    See also Journal Article Financialization revisited: the economics and political economy of the vampire squid economy, Review of Keynesian Economics, Edward Elgar Publishing (2021) View citations (1) (2021)
14. Life among the Econ: fifty years on
    Working Papers, Post Keynesian Economics Society (PKES)
15. Rethinking capacity utilization choice: the role of surrogate inventory and entry deterrence
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
16. The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs
    Working Papers, Post Keynesian Economics Society (PKES)
    See also Journal Article The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs, Review of Political Economy, Taylor & Francis Journals (2022) View citations (1) (2022)

2019

17. Central Bank Independence
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
18. Inequality and Stagnation by Policy Design
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
19. Macroeconomics vs Modern Money Theory: Some unpleasant Keynesian arithmetic
    Working Papers, Post Keynesian Economics Society (PKES) View citations (5)
20. Monetary policy and negative interest rates
    Post-Print, HAL
21. The economics of negative interest rates
    Post-Print, HAL View citations (12)
    See also Journal Article The economics of negative interest rates, Review of Keynesian Economics, Edward Elgar Publishing (2019) View citations (10) (2019)
22. The fracturing of globalization: Implications of economic resentments and geopolitical contradictions
    Working Papers, Post Keynesian Economics Society (PKES) View citations (6)
    See also Journal Article The Fracturing of Globalization: Implications of Economic Resentments and Geopolitical Contradictions, Challenge, Taylor & Francis Journals (2019) View citations (6) (2019)
23. What's Wrong With Modern Money Theory (MMT): A Critical Primer
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (3)

2018

24. Government Spending and the Income-Expenditure Model: The Multiplier, Spending Composition, and Job Guarantee Programs
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (2)
25. Re-theorizing the welfare state and the political economy of neoliberalism's war against it
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (6)
26. Recovering Keynesian Phillips curve theory
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (6)
27. The Evolution of money debate: functionalism versus chartalism, Schumpeterian dynamics, Gresham's fallacy, and how history constrains public finance
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
28. The Fallacy of the natural rate of interest and Zero Lower Bound economics
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
29. The economics of the super-multiplier
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (3)
30. Three globalizations, not two: Rethinking the history and economics of trade and globalization
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (9)
    See also Journal Article Three globalizations, not two: rethinking the history and economics of trade and globalization, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2018) View citations (8) (2018)
31. Unemployment and growth
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (2)

2017

32. Monetary policy and the punch bowl - The case for quantitative policy and wage growth targeting
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
    See also Journal Article Monetary policy and the punch bowl: the case for quantitative policy and wage growth targeting, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2018) (2018)
33. The fallacy of the globalization trilemma: reframing the political economy of globalization and implications for democracy
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
34. The general theory at 80: reflections on the history and enduring relevance of Keynes? economics
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2016

35. A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (3)
    See also Journal Article A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2017) View citations (5) (2017)
36. Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
    See also Journal Article Inequality and growth in neo-Kaleckian and Cambridge growth theory, Review of Keynesian Economics, Edward Elgar Publishing (2017) View citations (4) (2017)
37. Why ZLB Economics and Negative Interest Rate Policy (NIRP) are wrong
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (4)
38. Zero Lower Bound (ZLB) Economics
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (3)

2015

39. Escaping stagnation and restoring shared prosperity: a macroeconomic policy framework for job-rich growth
    ILO Working Papers, International Labour Organization View citations (2)
40. IThe US Economy: From Crisis to Stagnation
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
41. Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (6)
42. The Federal Reserve and Shared Prosperity: A Guide to the Policy Issues and Institutional Challenges
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2014

43. Milton Friedmans economics and political economy: an old Keynesian critique
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
44. Rethinking wage vs. profit-led growth theory with implications for policy analysis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (13)
45. The critics of modern money theory (MMT) are right
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (2)
    See also Journal Article The Critics of Modern Money Theory (MMT) are Right, Review of Political Economy, Taylor & Francis Journals (2015) View citations (9) (2015)
46. The theory of global imbalances: mainstream economics vs. structural Keynesianism
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
    See also Journal Article The theory of global imbalances: mainstream economics vs structural Keynesianism, Review of Keynesian Economics, Edward Elgar Publishing (2015) View citations (3) (2015)

2013

47. Enriching the Neo-Kaleckian Growth Model: Nonlinearities, Political Economy, and Financial Factors
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (8)
48. Europe´s crisis without end: The consequences of neoliberalism run amok
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (7)
49. Gattopardo economics: The crisis and the mainstream response of change that keeps things the same
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (11)
    See also Journal Article Gattopardo economics: the crisis and the mainstream response of change that keeps things the same, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2013) View citations (13) (2013)
50. Global imbalances and the Revised Bretton Woods hypothesis: Wrong before the crisis and wrong after
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
51. Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (25)
    See also Journal Article Horizontalists, verticalists, and structuralists: the theory of endogenous money reassessed, Review of Keynesian Economics, Edward Elgar Publishing (2013) View citations (22) (2013)
52. Monetary policy in the liquidity trap and after: A reassessment of quantitative easing and critique of the Federal Reserve’s proposed exit strategy
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
53. Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (16)
    See also Journal Article Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory, Review of Political Economy, Taylor & Francis Journals (2015) View citations (13) (2015)
54. The middle class in macroeconomics and growth theory: A three class neo-Kaleckian ? Goodwin model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (16)
    See also Journal Article The middle class in macroeconomics and growth theory: a three-class neo-Kaleckian–Goodwin model, Cambridge Journal of Economics, Cambridge Political Economy Society (2015) View citations (23) (2015)

2012

55. A neo-Kaleckian - Goodwin model of capitalist economic growth: Monopoly power,managerial pay, labor market conflict, and endogenous technical progress
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
56. Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
    See also Journal Article Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique, Review of Political Economy, Taylor & Francis Journals (2013) View citations (2) (2013)

2011

57. Explaining Global Financial Imbalances: A Critique of the Saving Glut and Reserve Currency Hypotheses
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (9)
58. Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
    See also Chapter Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory, Palgrave Macmillan Books, Palgrave Macmillan (2013) View citations (2) (2013)
59. Monetary Union Stability: The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
60. Monetary Union Stability: The Need for a Government Banker and the Case for a European Public Finance Authority
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (27)
61. Quantitative Easing: A Keynesian Critique
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (9)
62. The Contradictions of Export-led Growth
    Economics Public Policy Brief Archive, Levy Economics Institute View citations (9)
63. The Rise and Fall of Export-led Growth
    Economics Working Paper Archive, Levy Economics Institute View citations (17)

2010

64. Managerial Pay (Cadrisme) and the Post Keynesian Growth Model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
65. The Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
66. The Simple Macroeconomics of Fiscal Austerity, Public Sector Debt and Deflation
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (8)
67. The Troubling Economics and Politics of Paying Interest on Bank Reserves: A Critique of the Federal Reserve’s Exit Strategy
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst

2009

68. A Theory of Minsky Super-Cycles and Financial Crises
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (7)
    See also Journal Article A Theory of Minsky Super-cycles and Financial Crises *, Contributions to Political Economy, Cambridge Political Economy Society (2011) View citations (31) (2011)
    Chapter A Theory of Minsky Super-cycles and Financial Crises, Palgrave Macmillan Books, Palgrave Macmillan (2013) View citations (1) (2013)
69. After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy
    Economics Public Policy Brief Archive, Levy Economics Institute View citations (6)
70. America's exhausted paradigm: Macroeconomic causes of the financial crisis and great recession
    IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE) View citations (30)
71. Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
72. Rethinking the Economics of Capital Mobility and Capital Controls
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (5)
    Also in IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2009) View citations (6)
    See also Journal Article Rethinking the economics of capital mobility and capital controls, Brazilian Journal of Political Economy, Center of Political Economy (2009) View citations (5) (2009)
73. The Limits of Minsky’s Financial Instability Hypothesis as an Explanation of the Crisis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (13)
74. The Simple Analytics of Debt-Driven Business Cycles
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst
    See also Chapter The Simple Analytics of Debt-driven Business Cycles, Palgrave Macmillan Books, Palgrave Macmillan (2013) (2013)
75. WP 2009-1 Re-specifying the Keynesian Income-Expenditure Model to Properly Account for Imports: Implications for Fiscal Policy
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (1)

2008

76. After the Bust: The Outlook for Macroeconomics & Macroeconomic Policy
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
77. Asset Price Bubbles and Monetary Policy: Why Central Banks Have Been Wrong and What Should Be Done
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
78. Endogenous Money: Implications for the Money Supply Process, Interest Rates, and Macroeconomics
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (5)
79. Financialization: What it is and Why it Matters
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (72)
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2007) View citations (134)
    Economics Working Paper Archive, Levy Economics Institute (2007) View citations (132)
    See also Chapter Financialization: What It Is and Why It Matters, Palgrave Macmillan Books, Palgrave Macmillan (2013) View citations (28) (2013)
80. Keynesian Models of Deflation and Depression Revisited: Inside Debt and Price Flexibility
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (15)
81. Macroeconomics without the LM: A Post-Keynesian Perspective
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations (1)
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2008) View citations (1)
82. The Backward Bending Phillips Curves: A Simple Model
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (2)
83. The Relative Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (13)

2007

84. Globalization and the Changing Trade Debate: Suggestions for a New Agenda
    Economics Public Policy Brief Archive, Levy Economics Institute
85. Monthly Report No. 3/2007
    wiiw Monthly Reports, The Vienna Institute for International Economic Studies, wiiw
86. The Economics of Outsourcing: How Should Policy Respond?
    Economics Public Policy Brief Archive, Levy Economics Institute View citations (1)
    See also Journal Article The Economics of Outsourcing: How Should Policy Respond?, Review of Social Economy, Taylor & Francis Journals (2008) View citations (3) (2008)

2006

87. Rethinking Trade and Trade Policy: Gomory, Baumol, and Samuelson on Comparative Advantage
    Economics Public Policy Brief Archive, Levy Economics Institute View citations (1)
88. The Fallacy of the Revised Bretton Woods Hypothesis: Why TodayÕs International Financial System Is Unsustainable
    Economics Public Policy Brief Archive, Levy Economics Institute View citations (4)
89. The Fallacy of the Revised Bretton Woods Hypothesis: Why Today’s System is Unsustainable and Suggestions for a Replacement
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (2)

2005

90. External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (8)
91. Social Attitudes, Labor Law, and Union Organizing: Toward A New Economics of Union Density
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst
    See also Journal Article Social attitudes, labor law, and union organizing: Toward a new economics of union density, Journal of Economic Behavior & Organization, Elsevier (2007) View citations (3) (2007)

2001

92. Contradictions Coming Home to Roost? Income Distribution and the Return of the Aggregate Demand Problem
    Macroeconomics, University Library of Munich, Germany View citations (1)
    Also in Economics Working Paper Archive, Levy Economics Institute View citations (1)
93. The Role of Institutions and Policies in Creating High European
    Macroeconomics, University Library of Munich, Germany View citations (5)

1996

94. The Saving-Investment Nexus: Why it Matters and How it Works
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (3)

Undated

95. The Role of Institutions and Policies in Creating High European Unemployment: The Evidence
    Economics Working Paper Archive, Levy Economics Institute View citations (8)

Journal Articles

2024

1. Introduction
   Review of Keynesian Economics, 2024, 12, (2), 157-158
2. Introduction: the challenge of political economy of war and peace (especially in a time of war)
   Review of Keynesian Economics, 2024, 12, (3), 275-277
3. Keynes’ denial of conflict: A reply to Professor Heise’s critique
   Japanese Economy, 2024, 50, (1), 63-65
4. Neoliberalism and the Drift to Proto-Fascism: Political and Economic Causes of the Crisis of Liberal Democracy
   Journal of Economic Issues, 2024, 58, (3), 732-755 View citations (1)
5. The military–industrial complex as a variety of capitalism and threat to democracy: rethinking the political economy of guns versus butter
   Review of Keynesian Economics, 2024, 12, (4), 308-347 View citations (1)

2023

6. Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas
   Review of Keynesian Economics, 2023, 11, (4), 460-488 View citations (1)
   See also Working Paper Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas, FMM Working Paper (2023) View citations (1) (2023)
7. Keynes’ denial of conflict: Why The General Theory is a misleading guide to capitalism and stagnation
   Japanese Economy, 2023, 49, (1), 7-34 View citations (2)
   See also Working Paper Keynes' denial of conflict: why The General Theory is a misleading guide to capitalism and stagnation, FMM Working Paper (2023) View citations (1) (2023)
8. La falsa promesa y el amargo fruto del neoliberalismo: desarraigo político y económico, transformación cultural y el auge de la política protofascista
   El Trimestre Económico, 2023, 90 (4), (360), 1103-1138
9. La falsa promesa y el verdadero destino del neoliberalismo: la destrucción de la prosperidad compartida y la deriva hacia el protofascismo
   Revista de Economia Critica, 2023, 35, 22-36
10. The theory of monetary disorder: debt finance, existing assets, and the consequences of prolonged ultra-easy policy
    PSL Quarterly Review, 2023, 76, (307), 315-335

2022

11. The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs
    Review of Political Economy, 2022, 34, (4), 692-708 View citations (1)
    See also Working Paper The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs, Working Papers (2021) (2021)
12. Theorizing Varieties of Capitalism: economics and the fallacy that ‘there is no alternative (TINA)’
    Review of Keynesian Economics, 2022, 10, (1), 129-166
13. Theorizing dollar hegemony: the political economic foundations of exorbitant privilege
    Review of Keynesian Economics, 2022, 10, (4), 462-498

2021

14. Financialization revisited: the economics and political economy of the vampire squid economy
    Review of Keynesian Economics, 2021, 9, (4), 461–492 View citations (1)
    See also Working Paper Financialization revisited: the economics and political economy of the vampire squid economy, Working Papers (2021) View citations (4) (2021)
15. Life among the Econ: 50 years on
    Review of Keynesian Economics, 2021, 9, (3), 425-428
16. National policy space: reframing the political economy of globalization and its implications for national sovereignty and democracy
    Brazilian Journal of Political Economy, 2021, 41, (3), 447-465
17. Proto-Fascism Unleashed: How the Republican Party Sold Its Soul and Now Threatens Democracy
    Challenge, 2021, 64, (4), 303-313

2020

18. Corrigendum
    Review of Keynesian Economics, 2020, 8, (2), 303
19. Do current times vindicate Keynes and is New Keynesian macroeconomics Keynesian?
    Review of Keynesian Economics, 2020, 8, (1), 21-22
20. Re-Theorizing the Welfare State and the Political Economy of Neoliberalism’s Campaign Against It
    Journal of Economic Issues, 2020, 54, (3), 588-612 View citations (3)
21. What's wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy
    Review of Keynesian Economics, 2020, 8, (4), 472–493 View citations (8)

2019

22. Desigualdad y estancamiento por diseño de políticas: el negacionismo predominante y sus peligrosas consecuencias políticas
    El Trimestre Económico, 2019, 86 (3), (343), 717-739
23. Inequality and Stagnation by Policy Design: Mainstream Denialism and Its Dangerous Political Consequences
    Challenge, 2019, 62, (2), 128-143 View citations (1)
24. The Fracturing of Globalization: Implications of Economic Resentments and Geopolitical Contradictions
    Challenge, 2019, 62, (1), 49-66 View citations (6)
    See also Working Paper The fracturing of globalization: Implications of economic resentments and geopolitical contradictions, Working Papers (2019) View citations (6) (2019)
25. The economics of negative interest rates
    Review of Keynesian Economics, 2019, 7, (2), 135-136 View citations (10)
    See also Working Paper The economics of negative interest rates, Post-Print (2019) View citations (12) (2019)
26. The economics of the super‐multiplier: A comprehensive treatment with labor markets
    Metroeconomica, 2019, 70, (2), 325-340 View citations (11)
27. The fallacy of the natural rate of interest and zero lower bound economics: why negative interest rates may not remedy Keynesian unemployment
    Review of Keynesian Economics, 2019, 7, (2), 151-170 View citations (19)
28. Unemployment and Growth: Putting Unemployment into Post Keynesian Growth Theory
    Review of Political Economy, 2019, 31, (2), 194-215 View citations (4)

2018

29. Milton Friedman's presidential address at 50
    Review of Keynesian Economics, 2018, 6, (4), 419-420
30. Monetary policy and the punch bowl: the case for quantitative policy and wage growth targeting
    European Journal of Economics and Economic Policies: Intervention, 2018, 15, (1), 32-46
    See also Working Paper Monetary policy and the punch bowl - The case for quantitative policy and wage growth targeting, IMK Working Paper (2017) (2017)
31. Recovering Keynesian Phillips curve theory: hysteresis of ideas and the natural rate of unemployment
    Review of Keynesian Economics, 2018, 6, (4), 473-492 View citations (7)
32. Three globalizations, not two: rethinking the history and economics of trade and globalization
    European Journal of Economics and Economic Policies: Intervention, 2018, 15, (2), 174-192 View citations (8)
    See also Working Paper Three globalizations, not two: Rethinking the history and economics of trade and globalization, FMM Working Paper (2018) View citations (9) (2018)

2017

33. A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
    Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2017, 11, 1-18 View citations (5)
    See also Working Paper A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy, Economics Discussion Papers (2016) View citations (3) (2016)
34. Inequality and growth in neo-Kaleckian and Cambridge growth theory
    Review of Keynesian Economics, 2017, 5, (2), 146-169 View citations (4)
    See also Working Paper Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory, IMK Working Paper (2016) (2016)
35. L’élaboration des politiques économiques à l’origine des inégalités et de la stagnation: le dénialisme conventionnel et ses conséquences politiques préoccupantes
    Revue d'économie financière, 2017, N° 128, (4), 59-76
36. The theory of endogenous money and the LM schedule: prelude to a reconstruction of ISLM
    Brazilian Journal of Political Economy, 2017, 37, (1), 3-22 View citations (4)
37. Trump’s Neocon Neoliberalism Camouflaged with Anti-Globalization Circus
    Challenge, 2017, 60, (4), 368-374
38. Wage- vs. profit-led growth: the role of the distribution of wages in determining regime character
    Cambridge Journal of Economics, 2017, 41, (1), 49-61 View citations (25)

2016

39. Book review: Dimand, Robert W. (2014): James Tobin, Basingstoke, UK (197 pages, hardcover, Palgrave Macmillan, ISBN 978-14039-8555-2)
    European Journal of Economics and Economic Policies: Intervention, 2016, 13, (3), 378-380
40. Desigualdad, crisis financiera y estancamiento: historias alternativas y por qué importan
    Revista de Economía Institucional, 2016, 18, (34), 45-68
41. The relevance of Keynes's General Theory after 80 years
    Review of Keynesian Economics, 2016, 4, (1), 1-3

2015

42. Monetary Policy at the Zero Lower Bound and After: A Reassessment of Quantitative Easing and Critique of the Federal Reserve's Proposed Exit Strategy
    Metroeconomica, 2015, 66, (1), 1-27 View citations (3)
43. Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory
    Review of Political Economy, 2015, 27, (1), 1-23 View citations (13)
    See also Working Paper Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory, IMK Working Paper (2013) View citations (16) (2013)
44. Symposium introduction: Global Crisis and the Need for Paradigm Change
    Review of Keynesian Economics, 2015, 3, (1), 1-1
45. The Critics of Modern Money Theory (MMT) are Right
    Review of Political Economy, 2015, 27, (1), 45-61 View citations (9)
    See also Working Paper The critics of modern money theory (MMT) are right, IMK Working Paper (2014) View citations (2) (2014)
46. The middle class in macroeconomics and growth theory: a three-class neo-Kaleckian–Goodwin model
    Cambridge Journal of Economics, 2015, 39, (1), 221-243 View citations (23)
    See also Working Paper The middle class in macroeconomics and growth theory: A three class neo-Kaleckian ? Goodwin model, IMK Working Paper (2013) View citations (16) (2013)
47. The theory of global imbalances: mainstream economics vs structural Keynesianism
    Review of Keynesian Economics, 2015, 3, (1), 45-62 View citations (3)
    See also Working Paper The theory of global imbalances: mainstream economics vs. structural Keynesianism, IMK Working Paper (2014) (2014)

2014

48. A fiscal paradox and post-Keynesian economics: a response
    Review of Keynesian Economics, 2014, 2, (1), 116-117
49. A neo-Kaleckian–Goodwin model of capitalist economic growth: monopoly power, managerial pay and labour market conflict
    Cambridge Journal of Economics, 2014, 38, (6), 1355-1372 View citations (15)
50. Aggregate demand, endogenous money, and debt: a Keynesian critique of Keen and an alternative theoretical framework
    Review of Keynesian Economics, 2014, 2, (3), 312-320 View citations (2)
51. Global imbalances: benign by-product of global development or toxic consequence of corporate globalization?
    European Journal of Economics and Economic Policies: Intervention, 2014, 11, (3), 250-268
52. Time scales and mechanisms of economic cycles: a review of theories of long waves
    Review of Keynesian Economics, 2014, 2, (1), 87-107 View citations (23)

2013

53. A K aldor– H icks– G oodwin– T obin– K alecki model of growth and distribution
    Metroeconomica, 2013, 64, (2), 319-345 View citations (12)
54. Cambridge and neo-Kaleckian growth and distribution theory: comparison with an application to fiscal policy
    Review of Keynesian Economics, 2013, 1, (1), 79-104 View citations (10)
55. Europe's Crisis without End: The Consequences of Neoliberalism
    Contributions to Political Economy, 2013, 32, (1), 29-50 View citations (3)
56. Gattopardo economics: the crisis and the mainstream response of change that keeps things the same
    European Journal of Economics and Economic Policies: Intervention, 2013, 10, (2), 193-206 View citations (13)
    See also Working Paper Gattopardo economics: The crisis and the mainstream response of change that keeps things the same, IMK Working Paper (2013) View citations (11) (2013)
57. Horizontalists, verticalists, and structuralists: the theory of endogenous money reassessed
    Review of Keynesian Economics, 2013, 1, (4), 406—424 View citations (22)
    See also Working Paper Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed, IMK Working Paper (2013) View citations (25) (2013)
58. Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique
    Review of Political Economy, 2013, 25, (2), 179-204 View citations (2)
    See also Working Paper Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique, IMK Working Paper (2012) View citations (1) (2012)

2012

59. GROWTH, UNEMPLOYMENT AND ENDOGENOUS TECHNICAL PROGRESS: A HICKSIAN RESOLUTION OF HARROD'S KNIFE-EDGE
    Metroeconomica, 2012, 63, (3), 512-541 View citations (12)
60. Statement of the Co-Editors. Economics and the economic crisis: the case for change
    Review of Keynesian Economics, 2012, 1, (1), 1-4 View citations (2)
61. The economics of the Phillips curve: Formation of inflation expectations versus incorporation of inflation expectations
    Structural Change and Economic Dynamics, 2012, 23, (3), 221-230 View citations (12)
62. The simple macroeconomics of fiscal austerity: Public debt,deficits and deficit caps
    European Journal of Economics and Economic Policies: Intervention, 2012, 9, (1), 91-108 View citations (6)
63. Wealth and wealth distribution in the neo-Kaleckian growth model
    Journal of Post Keynesian Economics, 2012, 34, (3), 453-474 View citations (24)

2011

64. A Theory of Minsky Super-cycles and Financial Crises *
    Contributions to Political Economy, 2011, 30, (1), 31-46 View citations (31)
    See also Working Paper A Theory of Minsky Super-Cycles and Financial Crises, IMK Working Paper (2009) View citations (7) (2009)
    Chapter A Theory of Minsky Super-cycles and Financial Crises, Palgrave Macmillan Books, 2013, 126-142 (2013) View citations (1) (2013)
65. America’s flawed paradigm: macroeconomic causes of the financial crisis and great recession
    Empirica, 2011, 38, (1), 3-17 View citations (13)
66. Budget Deficit Alarmism Is Sabotaging Growth
    Challenge, 2011, 54, (1), 6-31
67. Crisis developments international financial
    Brazilian Journal of Political Economy, 2011, 31, (2), 315-334
68. Inside Debt and the Stability of Inflation
    Eastern Economic Journal, 2011, 37, (4), 488-507 View citations (2)
69. Stabilität in der Währungsunion: Plädoyer für eine Staatsbank und eine Europäische Finanzagentur
    WSI-Mitteilungen, 2011, 64, (6), 297-303
70. The European Monetary Union Needs a Government Banker
    Challenge, 2011, 54, (4), 5-21 View citations (4)

2010

71. Asset price bubbles and counter-cyclical monetary policy: Why central banks have been wrong and what should be done
    European Journal of Economics and Economic Policies: Intervention, 2010, 7, (1), 91-107 View citations (11)
72. The Politics of Paying Interest on Bank Reserves
    Challenge, 2010, 53, (3), 49-65 View citations (1)
73. The Relative Permanent Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model
    Review of Political Economy, 2010, 22, (1), 41-56 View citations (35)
74. The economies of deleveraging: The aftermath of financialization
    European Journal of Economics and Economic Policies: Intervention, 2010, 7, (2), 401-413 View citations (3)

2009

75. Imports and the income-expenditure model: implications for fiscal policy and recession fighting
    Journal of Post Keynesian Economics, 2009, 32, (2), 311-322 View citations (20)
76. La macroeconomía de la ‘financiarización’: un enfoque de etapas del desarrollo
    EKONOMIAZ. Revista vasca de Economía, 2009, 72, (03), 34-53
77. Rethinking the economics of capital mobility and capital controls
    Brazilian Journal of Political Economy, 2009, 29, (3), 15-34 View citations (5)
    See also Working Paper Rethinking the Economics of Capital Mobility and Capital Controls, Working Papers (2009) View citations (5) (2009)
78. The Macroeconomics of Financialization: A Stages of Development Approach
    EKONOMIAZ. Revista vasca de Economía, 2009, 72, (03), 34-53 View citations (1)
    See also Chapter The Macroeconomics of Financialization: Stages of Development Approach, Palgrave Macmillan Books, 2013, 41-61 (2013) (2013)

2008

79. Institutionalism and New Trade Theory: Rethinking Comparative Advantage and Trade Policy
    Journal of Economic Issues, 2008, 42, (1), 195-208 View citations (3)
80. Keynesian models of deflation and depression revisited
    Journal of Economic Behavior & Organization, 2008, 68, (1), 167-177 View citations (23)
81. The Economics of Outsourcing: How Should Policy Respond?
    Review of Social Economy, 2008, 66, (3), 279-295 View citations (3)
    See also Working Paper The Economics of Outsourcing: How Should Policy Respond?, Economics Public Policy Brief Archive (2007) View citations (1) (2007)
82. The U. S. Economy After Bush
    Challenge, 2008, 51, (6), 26-37

2007

83. Asset-based Reserve Requirements: A Response
    Review of Political Economy, 2007, 19, (4), 575-578 View citations (16)
84. Macroeconomics and monetary policy: competing theoretical frameworks
    Journal of Post Keynesian Economics, 2007, 30, (1), 61-78 View citations (31)
85. Seeking Full Employment Again
    Challenge, 2007, 50, (6), 14-50 View citations (1)
86. Social attitudes, labor law, and union organizing: Toward a new economics of union density
    Journal of Economic Behavior & Organization, 2007, 62, (2), 237-254 View citations (3)
    See also Working Paper Social Attitudes, Labor Law, and Union Organizing: Toward A New Economics of Union Density, Working Papers (2005) (2005)
87. The Fallacy of the Revised Bretton Woods Hypothesis: Why Today's Global Financial System Is Unsustainable and Suggestions for a Replacement
    International Journal of Political Economy, 2007, 36, (4), 36-52 View citations (4)

2006

88. Currency Unions, the Phillips Curve, and Stabilization Policy: Some Suggestions for Europe
    European Journal of Economics and Economic Policies: Intervention, 2006, 3, (2), 351-369 View citations (2)
89. Great Controversies: Developing the Domestic Market
    Challenge, 2006, 49, (6), 20-34 View citations (1)

2005

90. Labour standards, democracy and wages: some cross-country evidence
    Journal of International Development, 2005, 17, (7), 883-898 View citations (11)
91. Soros on International Capital Markets and Developing Economies: Multiple Equilibria and the Role of Policy
    Eastern Economic Journal, 2005, 31, (3), 407-419
92. The Questionable Legacy of Alan Greenspan
    Challenge, 2005, 48, (6), 17-31 View citations (9)

2004

93. Asset-based reserve requirements: reasserting domestic monetary control in an era of financial innovation and instability
    Review of Political Economy, 2004, 16, (1), 43-58 View citations (37)
94. Escaping the debt constraint on growth: a suggested monetary policy for Brazil
    Brazilian Journal of Political Economy, 2004, 24, (1), 38-52 View citations (1)
95. Oil and the Case of Iraq
    Challenge, 2004, 47, (3), 94-112 View citations (7)
96. The economic case for international labour standards
    Cambridge Journal of Economics, 2004, 28, (1), 21-36 View citations (23)

2003

97. After Cancún: An Optimistic Case
    Challenge, 2003, 46, (6), 16-31
98. Asset Price Bubbles and the Case for Asset-Based Reserve Requirements
    Challenge, 2003, 46, (3), 53-72 View citations (20)
99. Pitfalls in the Theory of Growth: An application to the balance of payments constrained growth model
    Review of Political Economy, 2003, 15, (1), 75-84 View citations (20)
    See also Chapter Pitfalls in the Theory of Growth: An Application to the Balance-of-Payments-Constrained Growth Model, Chapters, 2002 (2002) View citations (5) (2002)
100. The Backward–Bending Phillips Curve And The Minimum Unemployment Rate Of Inflation: Wage Adjustment With Opportunistic Firms
     Manchester School, 2003, 71, (1), 35-50 View citations (10)
101. The Case Against Prefunding Social Security with Equities
     Challenge, 2003, 46, (1), 123-129
102. The Economics of Exchange Rates and the Dollarization Debate: The Case Against Extremes
     International Journal of Political Economy, 2003, 33, (1), 61-82 View citations (11)

2002

103. Economic contradictions coming home to roost? Does the U.S. economy face a long-term aggregate demand generation problem?
     Journal of Post Keynesian Economics, 2002, 25, (1), 9-32 View citations (60)
104. Endogenous Money: What it is and Why it Matters
     Metroeconomica, 2002, 53, (2), 152-180 View citations (29)
105. Financial institutions and the Cambridge theory of distribution
     Cambridge Journal of Economics, 2002, 26, (2), 275-277 View citations (1)
106. Social Security: Prefunding Is Not the Answer!
     Challenge, 2002, 45, (2), 97-118 View citations (1)
107. The Child Labor Problem and the Need for International Labor Standards
     Journal of Economic Issues, 2002, 36, (3), 601-615 View citations (13)

2001

108. Destabilizing Speculation and the Case for an International Currency Transactions Tax
     Challenge, 2001, 44, (3), 70-89 View citations (7)
109. Labor Markets and Unemployment: The Targets and Instruments Framework
     Eastern Economic Journal, 2001, 27, (1), 83-84
110. The Case Against Budget Surpluses
     Challenge, 2001, 44, (6), 13-27 View citations (1)
111. The E-Money Revolution: Challenges and Implications for Monetary Policy
     Journal of Post Keynesian Economics, 2001, 24, (2), 217-233 View citations (5)
112. The Stock Market and Investment: Another Look at the Micro-foundations of q Theory
     Cambridge Journal of Economics, 2001, 25, (5), 657-67 View citations (10)

2000

113. Life Expectancy and Social Security: Why Longevity Indexing the Payroll Tax Rate Makes Good Economic Sense
     Journal of Post Keynesian Economics, 2000, 22, (3), 507-514
114. The Case for Positive Low Inflation: Some Financial Market Considerations with Special Attention to the Problems of Japan
     Eastern Economic Journal, 2000, 26, (3), 277-295 View citations (4)
115. The Mainstream Was Surprised
     Challenge, 2000, 43, (4), 22-42

1999

116. Conflict, Distribution, and Finance in Alternative Macroeconomic Traditions
     Review of Radical Political Economics, 1999, 31, (4), 102-132 View citations (2)
117. Created Unequal: The Crisis in American Pay by James Galbraith
     Challenge, 1999, 42, (2), 130-135
118. End of the Expansion: Soft Landing, Hard Landing, or Even Crash?
     Challenge, 1999, 42, (6), 6-25 View citations (2)
119. General disequilibrium analysis with inside debt
     Journal of Macroeconomics, 1999, 21, (4), 785-803 View citations (9)
120. Speculation and Tobin taxes: Why sand in the wheels can increase economic efficiency
     Journal of Economics, 1999, 69, (2), 113-126 View citations (42)
121. The U.S. Inflation Process: Does Nominal Wage Inflation Cause Price Inflation, Vice-versa, or Neither?
     Review of Radical Political Economics, 1999, 31, (3), 12-19 View citations (1)

1998

122. Accommodationism, Structuralism, and Superstructuralism
     Journal of Post Keynesian Economics, 1998, 21, (1), 171-173 View citations (6)
123. Book Reviews
     Review of Social Economy, 1998, 56, (4), 546-550
124. Building Prosperity from the Bottom Up
     Challenge, 1998, 41, (5), 59-71
125. Macroeconomics with Conflict and Income Distribution
     Review of Political Economy, 1998, 10, (3), 329-342 View citations (9)
126. Restoring Prosperity: Why the U.S. Model Is Not the Answer for the United States or Europe
     Journal of Post Keynesian Economics, 1998, 20, (3), 337-353 View citations (11)
127. The Economics of Social Security: An Old Keynesian Perspective
     Journal of Post Keynesian Economics, 1998, 21, (1), 93-110 View citations (9)
128. The Twin Circuits: Aggregate Demand and the Expenditure Multiplier in a Monetary Economy
     Review of Radical Political Economics, 1998, 30, (3), 91-101 View citations (4)
129. Walras' Law and Keynesian Macroeconomics
     Australian Economic Papers, 1998, 37, (3), 330-340 View citations (4)
130. Zero Is Not the Optimal Rate of Inflation
     Challenge, 1998, 41, (1), 7-18 View citations (2)

1997

131. Aggregate Demand and Endogenous Growth: a Generalized Keynes-Kaldor Model of Economic Growth
     Metroeconomica, 1997, 48, (2), 161-176 View citations (22)
132. Does Inflation Grease the Wheels of Adjustment? New evidence from the US economy
     International Review of Applied Economics, 1997, 11, (3), 387-398 View citations (4)
133. Endogenous money and the business cycle
     Journal of Economics, 1997, 65, (2), 133-149 View citations (10)
134. European Monetary Union: an old Keynesian guide to issues
     BNL Quarterly Review, 1997, 50, (201), 147-164 View citations (1)
     Also in Banca Nazionale del Lavoro Quarterly Review, 1997, 50, (201), 147-164 (1997) View citations (1)
135. Expected Aggregate Demand, the Production Period and the Keynesian Theory of Aggregate Supply
     The Manchester School of Economic & Social Studies, 1997, 65, (3), 295-309 View citations (7)
     See also Chapter Expected Aggregate Demand, the Production Period, and the Keynesian Theory of Aggregate Supply, Palgrave Macmillan Books, 1996, 71-86 (1996) (1996)
136. Keynesian Theory and AS/AD Analysis
     Eastern Economic Journal, 1997, 23, (4), 459-468 View citations (3)
137. Kinked Demand Curve Theory and the Micro Foundations of Keynesian Involuntary Unemployment
     Australian Economic Papers, 1997, 36, (69), 351-61 View citations (1)
138. Managerial turnover and the theory of short-termism
     Journal of Economic Behavior & Organization, 1997, 32, (4), 547-557 View citations (42)
139. Money, Fiscal Policy and the Cambridge Theorem
     Cambridge Journal of Economics, 1997, 21, (5), 633-39 View citations (4)
140. Optimal monetary policy in the presence of a monetarist transmission mechanism
     Economics Letters, 1997, 55, (1), 109-114 View citations (3)
141. The Academic Jungle: Social Practice and the Survival of Economic Ideas
     Review of Radical Political Economics, 1997, 29, (3), 22-33 View citations (5)
142. The Sorry Politics of the Balanced Budget
     Challenge, 1997, 40, (3), 5-13

1996

143. Accommodationism versus Structuralism: Time for an Accommodation
     Journal of Post Keynesian Economics, 1996, 18, (4), 585-594 View citations (31)
144. Growth Theory in a Keynesian Mode: Some Keynesian Foundations for New Endogenous Growth Theory
     Journal of Post Keynesian Economics, 1996, 19, (1), 113-135 View citations (29)
145. Inside Debt, Aggregate Demand, and the Cambridge Theory of Distribution
     Cambridge Journal of Economics, 1996, 20, (4), 465-74 View citations (9)
146. Old Wine for New Bottles: Putting Old Growth Theory Back in the New
     Australian Economic Papers, 1996, 35, (67), 250-62
147. Out of the Closet: The Political Economy of Neo-classical Distribution Theory
     Review of Radical Political Economics, 1996, 28, (3), 57-67 View citations (1)

1995

148. Labor Markets, Unemployment, and Minimum Wages: A New View
     Eastern Economic Journal, 1995, 21, (3), 319-326 View citations (2)
149. Safety in numbers: A model of managerial herd behavior
     Journal of Economic Behavior & Organization, 1995, 28, (3), 443-450 View citations (20)
150. The demand for money and non-GDP transactions
     Economics Letters, 1995, 48, (2), 145-154 View citations (6)

1994

151. COMPETING VIEWS OF THE MONEY SUPPLY PROCESS: THEORY AND EVIDENCE
     Metroeconomica, 1994, 45, (1), 67-88 View citations (44)
152. Capital Mobility and the Threat to American Prosperity
     Challenge, 1994, 37, (6), 31-39 View citations (1)
153. Debt, Aggregate Demand, and The Business Cycle: an Analysis in the Spirit of Kaldor and Minsky
     Journal of Post Keynesian Economics, 1994, 16, (3), 371-390 View citations (104)
154. The fair wage-effort hypothesis: Implications for the distribution of income and dual labor markets
     Journal of Economic Behavior & Organization, 1994, 24, (2), 195-205 View citations (3)

1993

155. Milton Friedman and the Monetarist Counter-Revolution: A Re-appraisal
     Eastern Economic Journal, 1993, 19, (1), 71-81 View citations (2)
156. Uncertainty, Expectations, and The Future: If We Don’t Know the Answers, What Are the Questions?
     Journal of Post Keynesian Economics, 1993, 16, (1), 3-18 View citations (7)
157. Under-Consumption and the Accumulation Motive
     Review of Radical Political Economics, 1993, 25, (1), 71-86 View citations (3)

1992

158. Sectoral Shifts and Cyclical Unemployment: A Reconsideration
     Economic Inquiry, 1992, 30, (1), 117-33 View citations (16)

1991

159. Money, Credit, and Prices in a Kaldorian Macro Model
     Journal of Post Keynesian Economics, 1991, 14, (2), 183-203 View citations (1)
160. The Endogenous Money Supply: Consensus and Disagreement
     Journal of Post Keynesian Economics, 1991, 13, (3), 397-403 View citations (15)

1990

161. A Theory of Downward Wage Rigidity: Job Commitment Costs, Replacement Costs, and Tacit Coordination
     Journal of Post Keynesian Economics, 1990, 12, (3), 466-486 View citations (6)

1987

162. Bank Lending, Discount Window Borrowing, and the Endogenous Money Supply: A Theoretical Framework
     Journal of Post Keynesian Economics, 1987, 10, (2), 282-303 View citations (9)

Books

2021

1. Neoliberalism and the Road to Inequality and Stagnation
   Books, Edward Elgar Publishing View citations (2)

2013

2. Financialization
   Palgrave Macmillan Books, Palgrave Macmillan
3. From Financial Crisis to Stagnation
   Cambridge Books, Cambridge University Press View citations (24)
   Also in Cambridge Books, Cambridge University Press (2012) View citations (51)

1996

4. Post Keynesian Economics
   Palgrave Macmillan Books, Palgrave Macmillan View citations (125)

Edited books

2025

1. The Political Economy of War, Peace, and the Military–Industrial Complex
   Books, Edward Elgar Publishing

2024

2. Dollar Hegemony
   Books, Edward Elgar Publishing

2023

3. Varieties of Capitalism
   Books, Edward Elgar Publishing

Chapters

2023

1. Theorizing Varieties of Capitalism: economics and the fallacy that 'there is no alternative (TINA)'
   Chapter 1 in Varieties of Capitalism, 2023, pp 1-38
   See also Working Paper Theorizing varieties of capitalism: economics and the fallacy that "There is no alternative (TINA)", IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2022) View citations (1) (2022)

2013

2. A Monetary Policy Framework for Asset Price Bubbles
   Palgrave Macmillan
3. A Theory of Minsky Super-cycles and Financial Crises
   Palgrave Macmillan View citations (1)
   See also Journal Article A Theory of Minsky Super-cycles and Financial Crises *, Cambridge Political Economy Society (2011) View citations (31) (2011)
   Working Paper A Theory of Minsky Super-Cycles and Financial Crises, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2009) View citations (7) (2009)
4. Deflation and Inflation Dynamics with Debt
   Palgrave Macmillan
5. Financialization: What It Is and Why It Matters
   Palgrave Macmillan View citations (28)
   See also Working Paper Financialization: What it is and Why it Matters, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2008) View citations (72) (2008)
6. Herd Behavior: Safety in Numbers
   Palgrave Macmillan
7. Inside Debt and Economic Growth
   Palgrave Macmillan
8. Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory
   Palgrave Macmillan View citations (2)
   See also Working Paper Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2011) View citations (1) (2011)
9. Overview: Financialization as Financial Neoliberalism
   Palgrave Macmillan
10. Short-termism: The Problem of Managerial Turnover
    Palgrave Macmillan
11. The Macroeconomics of Financialization: Stages of Development Approach
    Palgrave Macmillan
    See also Journal Article The Macroeconomics of Financialization: A Stages of Development Approach, Gobierno Vasco / Eusko Jaurlaritza / Basque Government (2009) View citations (1) (2009)
12. The Political Economy of Financialization
    Palgrave Macmillan
13. The Simple Analytics of Debt-driven Business Cycles
    Palgrave Macmillan
    See also Working Paper The Simple Analytics of Debt-Driven Business Cycles, Political Economy Research Institute, University of Massachusetts at Amherst (2009) (2009)

2010

14. Inside Debt and Economic Growth: A Neo-Kaleckian Analysis
    Chapter 14 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (5)

2007

15. Monetary Policy in an Endogenous Money Economy
    Chapter 15 in A Handbook of Alternative Monetary Economics, 2007 View citations (2)

2006

16. Class Conflict and the Cambridge Theory of Income Distribution
    Palgrave Macmillan View citations (13)
17. The Causes of High Unemployment: Labour-Market Sclerosis v. Macroeconomic Policy
    Palgrave Macmillan View citations (2)

2004

18. The Effectiveness of Monetary Policy in Open Economy Macroeconomics: Dornbusch versus Tobin
    Chapter 11 in Central Banking in the Modern World, 2004, pp 211-225

2003

19. Export-led growth: evidence of developing country crowding out
    Chapter 8 in Globalisation, Regionalism and Economic Activity, 2003, pp 175-197 View citations (1)
20. Monetary Control in the Presence of Endogenous Money and Financial Innovation: The Case for Asset-Based Reserve Requirements
    Chapter 4 in Modern Theories of Money, 2003, pp 67-83

2002

21. Keynesian Macroeconomics and the Theory of Economic Growth: Putting Aggregate Demand Back in the Picture
    Chapter 2 in The Economics of Demand-Led Growth, 2002
22. Pitfalls in the Theory of Growth: An Application to the Balance-of-Payments-Constrained Growth Model
    Chapter 7 in The Economics of Demand-Led Growth, 2002 View citations (5)
    See also Journal Article Pitfalls in the Theory of Growth: An application to the balance of payments constrained growth model, Taylor & Francis Journals (2003) View citations (20) (2003)

1996

23. Aggregate Demand and Finance: A Post Keynesian Short Period Macro Model
    Palgrave Macmillan
24. Aggregate Demand and Price Adjustment: Pigou versus Fisher
    Palgrave Macmillan
25. Competing Visions: A Post Keynesian Summing Up
    Palgrave Macmillan
26. Cost-Push and Conflict Inflation
    Palgrave Macmillan View citations (1)
27. Debt, Aggregate Demand, and the Business Cycle
    Palgrave Macmillan View citations (1)
28. Endogenous Finance
    Palgrave Macmillan
29. Expected Aggregate Demand, the Production Period, and the Keynesian Theory of Aggregate Supply
    Palgrave Macmillan
    See also Journal Article Expected Aggregate Demand, the Production Period and the Keynesian Theory of Aggregate Supply, University of Manchester (1997) View citations (7) (1997)
30. Introduction
    Palgrave Macmillan View citations (1)
31. The Emergence of Theoretical and Institutional Coherence in Post Keynesian Economics
    Palgrave Macmillan View citations (1)
32. The Endogenous Money Supply: Theory and Evidence
    Palgrave Macmillan
33. The Phillips Curve and Demand-Pull Inflation
    Palgrave Macmillan
34. The Principle of Effective Demand and the Keynesian Revolution in Equilibrium Economics
    Palgrave Macmillan
35. Uncertainty and Expectations
    Palgrave Macmillan View citations (1)

Editor

1. Review of Keynesian Economics
   Edward Elgar Publishing