Details about Lefteris Tsoulfidis

E-mail:	lnt@uom.edu.gr
Homepage:	http://uom-gr.academia.edu/Tsoulfidis/
Postal address:	Department of Economics University of Macedonia 156 Egnatia Street P.O. Box 1591 540 06 Thessaloniki Greece
Workplace:	Department of Economics, University of Macedonia, (more information at EDIRC)

Access statistics for papers by Lefteris Tsoulfidis.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pts50

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Working Papers

2024

1. The Micro-Macro Divide of Neoclassical Economics vs. the Macro-Microscopic Classical Political Economy Approach
   MPRA Paper, University Library of Munich, Germany

2022

2. Does the Labour Theory of Value Explain Economic Growth? A Modern Classical View
   MPRA Paper, University Library of Munich, Germany
3. Effective Rank and Dimensionality Reduction: From Complex Disaggregation Back to a Simple World
   MPRA Paper, University Library of Munich, Germany
   Also in Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa" (2022)
4. Financialization Historically Contemplated
   MPRA Paper, University Library of Munich, Germany

2021

5. Capital Theory Debates: New Developments and Direction
   Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa" View citations (1)
6. The Long Recession and Economic Consequences of the COVID-19 Pandemic
   MPRA Paper, University Library of Munich, Germany
   Also in MPRA Paper, University Library of Munich, Germany (2021)
7. The Long Recession and the Economic Consequences of the Pandemic
   MPRA Paper, University Library of Munich, Germany

2019

8. Ricardo’s Theory of Value is Alive and Well in Contemporary Capitalism
   MPRA Paper, University Library of Munich, Germany

2018

9. Less is More: Capital Theory and Almost Irregular-Uncontrollable Actual Economies
   MPRA Paper, University Library of Munich, Germany View citations (10)
   See also Journal Article LESS IS MORE: CAPITAL THEORY AND ALMOST IRREGULAR-UNCONTROLLABLE ACTUAL ECONOMIES, Contributions to Political Economy, Cambridge Political Economy Society (2018) View citations (11) (2018)
10. Ricardo’s Theory of Value is Still Alive and Well in Contemporary Capitalism
    MPRA Paper, University Library of Munich, Germany
11. The Rise and Fall of Unproductive Activities in the US Economy 1964-2015: Facts, Theory and Empirical Evidence
    MPRA Paper, University Library of Munich, Germany View citations (2)

2017

12. Capital Intensity, Unproductive Activities and the Great Recession of the US Economy
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article Capital intensity, unproductive activities and the Great Recession in the US economy, Cambridge Journal of Economics, Cambridge Political Economy Society (2019) View citations (1) (2019)
13. The Recurrence of Long Cycles: Theories, Stylized Facts and Figures
    MPRA Paper, University Library of Munich, Germany View citations (3)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2017)

2016

14. Capital theory: Less is more
    MPRA Paper, University Library of Munich, Germany View citations (1)
15. Greek Sovereign Defaults in Retrospect and Prospect
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article Greek Sovereign Defaults in Retrospect and Prospect, South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region (2016) View citations (1) (2016)
16. Monetary Expressions of Labor Time and Market Prices: Theory and Evidence from China, Japan and Korea
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article Monetary Expressions of Labour Time and Market Prices: Theory and Evidence from China, Japan and Korea, Review of Political Economy, Taylor & Francis Journals (2017) View citations (4) (2017)

2015

17. Capital Theory ‘Paradoxes’ and Paradoxical Results: Resolved or Continued?
    MPRA Paper, University Library of Munich, Germany View citations (3)
    See also Journal Article Capital theory ‘paradoxes’ and paradoxical results: resolved or continued?, Evolutionary and Institutional Economics Review, Springer (2016) View citations (6) (2016)
18. Economic Theory in Historical Perspective
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Chapter Economic Theory in Historical Perspective, Springer Books, Springer (2009) (2009)
    Journal Article Economic theory in historical perspective, The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics (2017) View citations (1) (2017)
19. Keynes on the Marginal Efficiency of Capital and the Great Depression
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article Keynes on the Marginal Efficiency of Capital and the Great Depression, History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma (2008) View citations (1) (2008)
20. Κρίση, Σύγχρονος Καπιταλισμός και Ταξικές Ανακατατάξεις
    (Economic Crisis, Modern Capitalism and Class Realliances)
    MPRA Paper, University Library of Munich, Germany

2014

21. Classical Theory of Investment. Panel Cointegration Evidence from Thirteen EU Countries
    MPRA Paper, University Library of Munich, Germany

2013

22. Classical competition and regulating capital: theory and empirical evidence
    MPRA Paper, University Library of Munich, Germany View citations (5)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2011) View citations (3)
23. Public Debt and J.S. Mill’s Conjecture: A Note
    MPRA Paper, University Library of Munich, Germany View citations (3)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2012)
    See also Journal Article Public Debt and J.S. Mill?s Conjecture: A Note, HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore (2013) View citations (3) (2013)
24. The ‘new golden age of accumulation’, the new depression and the greek economy
    MPRA Paper, University Library of Munich, Germany View citations (1)

2012

25. Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies
    MPRA Paper, University Library of Munich, Germany View citations (4)
26. Classical vs. Neoclassical Conceptions of Competition
    MPRA Paper, University Library of Munich, Germany View citations (1)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2011) View citations (3)
27. Kondratiev, Marx and the long cycle
    MPRA Paper, University Library of Munich, Germany View citations (6)
28. ON BRODY’S CONJECTURE: FACTS AND FIGURES FROM THE US ECONOMY
    Discussion Paper Series, Department of Economics, University of Macedonia
    Also in MPRA Paper, University Library of Munich, Germany (2012) View citations (1)
29. Rethinking long cycles: are the 1990s the onset of a new phase of capital accumulation?
    MPRA Paper, University Library of Munich, Germany View citations (3)
30. The Greek Hyperinflation Revisited
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article The Greek Hyperinflation Revisited, Ekonomia, Cyprus Economic Society and University of Cyprus (2008) (2008)
31. Οι Πτωχεύσεις του Ελληνικού Κράτους
    (Greek Sovereign Defaults in Retrospect)
    MPRA Paper, University Library of Munich, Germany

2011

32. Energy Consumption and Economic Growth: Parametric and Non-Parametric Causality Testing for the Case of Greece
    MPRA Paper, University Library of Munich, Germany View citations (2)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2011) View citations (3)
    See also Journal Article Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece, Energy Economics, Elsevier (2013) View citations (64) (2013)
33. Notes on Ricardo’s theory of value and taxation
    MPRA Paper, University Library of Munich, Germany View citations (1)
34. Revisiting Adam Smith’s Theory of the Falling Rate of Profit
    Discussion Paper Series, Department of Economics, University of Macedonia
    See also Journal Article Revisiting Adam Smith's theory of the falling rate of profit, International Journal of Social Economics, Emerald Group Publishing Limited (2012) View citations (2) (2012)
35. Από την Οικονομική Άνθηση στην Κρίση του 1930
    (From Economic Prosperity to the Depression of 1930s)
    MPRA Paper, University Library of Munich, Germany View citations (1)

2010

36. Eigenvalue distribution and the production price-profit rate relationship in linear single-product systems: theory and empirical evidence
    MPRA Paper, University Library of Munich, Germany View citations (5)
37. Measures of production price-labour value deviation and income distribution in actual economies: theory and empirical evidence
    MPRA Paper, University Library of Munich, Germany View citations (8)
    See also Journal Article Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence, Bulletin of Political Economy, Bulletin of Political Economy (2017) (2017)

2009

38. Revisiting Residential Demand for Electricity in Greece: New Evidence from the ARDL Approach to Cointegration
    Discussion Paper Series, Department of Economics, University of Macedonia View citations (4)

2008

39. Estimating Residential Demand for Electricity in the United States, 1965-2006
    Discussion Paper Series, Department of Economics, University of Macedonia View citations (59)
    See also Journal Article Estimating residential demand for electricity in the United States, 1965-2006, Energy Economics, Elsevier (2008) View citations (98) (2008)

2006

40. The rate of profit in the Greek economy 1988-1997. an input-output analysis
    MPRA Paper, University Library of Munich, Germany View citations (1)

2005

41. Falling Rate of Profit and Overaccumulation in Marx and Keynes
    MPRA Paper, University Library of Munich, Germany View citations (1)

1999

42. Comments on Ben Fine's paper 'Privatisation: Theory with Lessons from the UK'
    MPRA Paper, University Library of Munich, Germany

Journal Articles

2023

1. Exploring near-linearities in price–rate of profit trajectories and the concept of effective rank in input–output matrices
   Journal of Economic Structures, 2023, 12, (1), 1-19
2. In Memory of Robert Solow: a 2009 interview
   Bulletin of Political Economy, 2023, 17, (2), 145-148

2022

3. A Model of Economic Growth and Long Cycles
   Review of Radical Political Economics, 2022, 54, (3), 351-382
4. A new method of identifying key industries: a principal component analysis
   Journal of Economic Structures, 2022, 11, (1), 1-23 View citations (5)
5. The Character of the Greek Revolution of 1821
   Godishnik na UNSS, 2022, (2), 7-17

2019

6. Book Review - The Political Economy of Public Debt: Three Centuries of Theory and Evidence, Cheltenham, UK and Northhampton, MA, USA: Edward Elgar 2017, 336 pages. ISBN: 9781785363375. By Richard H. Salsmana
   Bulletin of Political Economy, 2019, 13, (1), 95-106
7. Capital intensity, unproductive activities and the Great Recession in the US economy
   Cambridge Journal of Economics, 2019, 43, (3), 623-647 View citations (1)
   See also Working Paper Capital Intensity, Unproductive Activities and the Great Recession of the US Economy, MPRA Paper (2017) View citations (1) (2017)

2018

8. LESS IS MORE: CAPITAL THEORY AND ALMOST IRREGULAR-UNCONTROLLABLE ACTUAL ECONOMIES
   Contributions to Political Economy, 2018, 37, (1), 65-88 View citations (11)
   See also Working Paper Less is More: Capital Theory and Almost Irregular-Uncontrollable Actual Economies, MPRA Paper (2018) View citations (10) (2018)
9. Unequal exchange and absolute cost advantage: evidence from the trade between Greece and Germany
   (The local power of some unit root tests for panel data)
   Cambridge Journal of Economics, 2018, 42, (4), 1043-1086 View citations (12)

2017

10. Economic theory in historical perspective
    The Journal of Philosophical Economics, 2017, 10, (2), 102-124 View citations (1)
    See also Chapter Economic Theory in Historical Perspective, Springer Books, 2009, 383-393 (2009) (2009)
    Working Paper Economic Theory in Historical Perspective, MPRA Paper (2015) View citations (1) (2015)
11. Growth Accounting of the Value Composition of Capital and the Rate of Profit in the U.S. Economy: A Note Stimulated by Zarembka’s Findings
    Review of Radical Political Economics, 2017, 49, (2), 303-312 View citations (3)
12. Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence
    Bulletin of Political Economy, 2017, 11, (2), 151-170
    Also in Bulletin of Political Economy, 2014, 8, (1), 77-96 (2014)
    See also Working Paper Measures of production price-labour value deviation and income distribution in actual economies: theory and empirical evidence, MPRA Paper (2010) View citations (8) (2010)
13. Monetary Expressions of Labour Time and Market Prices: Theory and Evidence from China, Japan and Korea
    Review of Political Economy, 2017, 29, (1), 111-132 View citations (4)
    See also Working Paper Monetary Expressions of Labor Time and Market Prices: Theory and Evidence from China, Japan and Korea, MPRA Paper (2016) View citations (1) (2016)

2016

14. Book Review: Full Industry Equilibrium. A Theory of the Industrial Long Run
    South-Eastern Europe Journal of Economics, 2016, 14, (1), 103-106
15. Capital theory ‘paradoxes’ and paradoxical results: resolved or continued?
    Evolutionary and Institutional Economics Review, 2016, 13, (2), 297-322 View citations (6)
    See also Working Paper Capital Theory ‘Paradoxes’ and Paradoxical Results: Resolved or Continued?, MPRA Paper (2015) View citations (3) (2015)
16. Classical Theory of Investment: Panel Cointegration Evidence From 13 EU Countries
    Contributions to Political Economy, 2016, 35, (1), 39-56 View citations (3)
17. Greek Sovereign Defaults in Retrospect and Prospect
    South-Eastern Europe Journal of Economics, 2016, 14, (2), 141-157 View citations (1)
    See also Working Paper Greek Sovereign Defaults in Retrospect and Prospect, MPRA Paper (2016) View citations (1) (2016)
18. Revisiting Classical Economics: Studies in Long-Period Analysis, by Heinz D. Kurz and Neri Salvadori
    The European Journal of the History of Economic Thought, 2016, 23, (4), 682-685
19. Revisiting Leontief’s paradox
    International Review of Applied Economics, 2016, 30, (6), 693-713 View citations (2)
20. The Greek economic crisis: causes and alternative policies
    Review of Political Economy, 2016, 28, (3), 380-396 View citations (3)

2015

21. Classical Economists, Marx and Marshall on Dominant Technique
    HISTORY OF ECONOMIC THOUGHT AND POLICY, 2015, 2015/2, (2), 21-36
22. Contending Conceptions of Competition and the Role of Regulating Capital
    Panoeconomicus, 2015, 62, (1), 15-31
23. Revisiting profit persistence and the stock market in Japan
    Structural Change and Economic Dynamics, 2015, 33, (C), 10-24 View citations (1)

2014

24. Bienenfeld's Approximation of Production Prices and Eigenvalue Distribution: Further Evidence from Five European Economies
    Contributions to Political Economy, 2014, 33, (1), 35-54 View citations (17)
25. ON BR�DY'S CONJECTURE: THEORY, FACTS AND FIGURES ABOUT INSTABILITY OF THE US ECONOMY
    Economic Systems Research, 2014, 26, (2), 209-223 View citations (22)
26. Unproductive labour, capital accumulation and profitability crisis in the Greek economy
    International Review of Applied Economics, 2014, 28, (5), 562-585 View citations (13)

2013

27. Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece
    Energy Economics, 2013, 36, (C), 686-697 View citations (64)
    See also Working Paper Energy Consumption and Economic Growth: Parametric and Non-Parametric Causality Testing for the Case of Greece, MPRA Paper (2011) View citations (2) (2011)
28. Public Debt and J.S. Mill?s Conjecture: A Note
    HISTORY OF ECONOMIC THOUGHT AND POLICY, 2013, 2013/2, (2), 93-102 View citations (3)
    See also Working Paper Public Debt and J.S. Mill’s Conjecture: A Note, MPRA Paper (2013) View citations (3) (2013)

2012

29. Revisiting Adam Smith's theory of the falling rate of profit
    International Journal of Social Economics, 2012, 39, (5), 304-313 View citations (2)
    See also Working Paper Revisiting Adam Smith’s Theory of the Falling Rate of Profit, Discussion Paper Series (2011) (2011)
30. The Growth of Unproductive Activities, the Rate of Profit, and the Phase-Change of the U.S. Economy
    Review of Radical Political Economics, 2012, 44, (2), 213-233 View citations (22)

2011

31. Revisiting residential demand for electricity in Greece: new evidence from the ARDL approach to cointegration analysis
    Empirical Economics, 2011, 41, (2), 511-531 View citations (22)

2010

32. MEASURES OF PRODUCTION PRICE‐LABOUR VALUE DEVIATION AND INCOME DISTRIBUTION IN ACTUAL ECONOMIES: A NOTE
    Metroeconomica, 2010, 61, (4), 701-710 View citations (9)
33. Preface
    The European Journal of the History of Economic Thought, 2010, 17, (5), 1111-1112

2009

34. Decomposing the Changes in Production Prices into "Capital-Intensity" and "Price" Effects: Theory and Evidence from the Chinese Economy *
    Contributions to Political Economy, 2009, 28, (1), 1-22 View citations (20)
35. The rise and fall of monopolistic competition revolution
    International Review of Economics, 2009, 56, (1), 29-45 View citations (4)

2008

36. Estimating residential demand for electricity in the United States, 1965-2006
    Energy Economics, 2008, 30, (5), 2722-2730 View citations (98)
    See also Working Paper Estimating Residential Demand for Electricity in the United States, 1965-2006, Discussion Paper Series (2008) View citations (59) (2008)
37. Keynes on the Marginal Efficiency of Capital and the Great Depression
    History of Economic Ideas, 2008, 16, (3), 65-78 View citations (1)
    See also Working Paper Keynes on the Marginal Efficiency of Capital and the Great Depression, MPRA Paper (2015) (2015)
38. Price-value deviations: further evidence from input-output data of Japan
    International Review of Applied Economics, 2008, 22, (6), 707-724 View citations (22)
39. The Greek Hyperinflation Revisited
    Ekonomia, 2008, 11, (1), 19-34
    See also Working Paper The Greek Hyperinflation Revisited, MPRA Paper (2012) (2012)

2007

40. A NEW METHOD FOR THE ESTIMATION OF CAPACITY UTILIZATION: THEORY AND EMPIRICAL EVIDENCE FROM 14 EU COUNTRIES
    Bulletin of Economic Research, 2007, 59, (4), 361-381 View citations (7)
41. Classical economists and public debt
    International Review of Economics, 2007, 54, (1), 1-12 View citations (7)
42. Estimating Capacity Utilization Using a SVAR Model: An Application to the US and Canadian Economies
    Economics Bulletin, 2007, 5, (4), 1-12
43. Labour Values, Prices of Production and the Effects of Income Distribution: Evidence from the Greek Economy
    Economic Systems Research, 2007, 19, (4), 425-437 View citations (24)

2006

44. The Inflation-Capacity Utilization Conundrum: Evidence from the Canadian Economy
    Applied Econometrics and International Development, 2006, 6, (2)

2005

45. Marxian Theory of Competition and the Concept of Regulating Capital: Evidence from Greek Manufacturing
    Review of Radical Political Economics, 2005, 37, (1), 5-22 View citations (20)

2002

46. Values, prices of production and market prices: some more evidence from the Greek economy
    Cambridge Journal of Economics, 2002, 26, (3), 359-369 View citations (29)

1999

47. Inflation, Demand, Import Competition and Markups in Greek Manufacturing Industries
    Economia Internazionale / International Economics, 1999, 52, (2), 151-171 View citations (3)

1998

48. Alternative Theories of Competition: evidence from Greek manufacturing
    International Review of Applied Economics, 1998, 12, (2), 187-204 View citations (9)

1997

49. The relationship between saving and finance: theory and evidence from E.U. countries
    Research in Economics, 1997, 51, (4), 333-358 View citations (11)

1995

50. Book Review: Pricing and Growth. A Neo-Ricardian Approach
    Review of Radical Political Economics, 1995, 27, (4), 119-121

1989

51. The Physiocratic Theory of Tax Incidence
    Scottish Journal of Political Economy, 1989, 36, (3), 301-10 View citations (1)

Books

2024

1. Competing Schools of Economic Thought
   Springer Studies in the History of Economic Thought, Springer
   Also in Springer Books, Springer (2009) View citations (25)

2019

2. Classical Political Economics and Modern Capitalism
   Springer Books, Springer View citations (12)

Chapters

2024

1. Adam Smith’s Wealth of Nations
   Springer
   Also in Springer (2009)
2. Between Competition and Monopoly
   Springer
   Also in Springer (2009)
3. David Ricardo’s Principles of Political Economy
   Springer
   Also in Springer (2009)
4. Disequilibrium Macroeconomics: From Its Brief AscentClower to the Rapid Decline
   Springer
5. Economic Theory in Retrospect and Prospect
   Springer
6. Growth Models in Historical Perspective
   Springer
7. Introduction
   Springer
8. Issues on Methodology of Economics
   Springer
9. Karl Marx’s Das Kapital
   Springer
   Also in Springer (2009)
10. Keynes’s General Theory
    Springer
    Also in Springer (2009)
11. New Classical Macroeconomics
    Springer
    Also in Springer (2009)
12. The Neoclassical Synthesis
    Springer
    Also in Springer (2009)
13. The Origins of Economic Theory
    Springer
    Also in Springer (2009)
14. The Real Business Cycles Approach
    Springer
    Also in Springer (2009)
15. The Return of (New) Keynesian Economics
    Springer
    Also in Springer (2009)
16. The Rise and Fall of Monetarism
    Springer
    Also in Springer (2009)
17. The Structure of Classical Theory
    Springer
    Also in Springer (2009)
18. The Structure of the Neoclassical Theory
    Springer
    Also in Springer (2009)
19. Theory of Capital and Cambridge Controversies
    Springer
    Also in Springer (2009)

2019

20. Asymmetries in International Trade
    Springer
21. Circular Flow of Capital and Social Reproduction
    Springer
22. Classical Political Economy and the Evolution of Post-War Capitalism
    Springer
23. Competition: Classical and Neoclassical
    Springer
24. Controversial Issues in the Theories of Value and Distribution: The ‘Transformation Problem’ and the ‘Capital Theory Critique’
    Springer
25. Labour Values, Prices of Production and Wage Rate of Profit Curves in Actual Economies
    Springer
26. Productive-Non-productive Labour and National Accounts
    Springer View citations (1)
27. Real Competition and Empirical Evidence
    Springer
28. The Classical Theory of Value and Distribution
    Springer
29. The Rate of Profit, Economic Growth and Crises
    Springer

2009

30. Chapter 8 On the labor theory of value: statistical artefacts or regularities?
    A chapter in Why Capitalism Survives Crises: The Shock Absorbers, 2009, pp 209-232 View citations (3)
31. Disequilibrium Macroeconomics: From Its Brief Ascent to the Rapid Decline
    Springer
32. Economic Theory in Historical Perspective
    Springer
    See also Working Paper Economic Theory in Historical Perspective, University Library of Munich, Germany (2015) View citations (1) (2015)
    Journal Article Economic theory in historical perspective, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics (2017) View citations (1) (2017)
33. Introduction
    Springer

1999

34. Privatization: Theory with Lessons from the United Kingdom
    Palgrave Macmillan