Cambridge Journal of Economics

1977 - 2025

Current editor(s): Jacqui Lagrue

From Cambridge Political Economy Society
Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
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Volume 44, issue 6, 2020

The making of a category of economic understanding in Great Britain (1880–1931): ‘the unemployed’ pp. 1181-1196

Paul Lagneau-Ymonet and Benedicte Reynaud

Managerial myopia and short-termism of innovation strategy: Financialisation of Korean firms pp. 1197-1220

Hwan Joo Seo, Sung Jin Kang and Yong Jun Baek

The effects of income distribution and fiscal policy on aggregate demand, investment and the budget balance: the case of Europe1 pp. 1221-1243

Thomas Obst, Ozlem Onaran and Maria Nikolaidi

Winners and losers of the global beer market: European competition in the view of product life-cycle pp. 1245-1270

David Hána, Kryštof Materna and Jiří Hasman

Nominal exchange rate shocks and inflation in an open economy: towards a structuralist inflation targeting agenda pp. 1271-1299

Eduardo F Bastian and Mark Setterfield

Are current accounts driven by cost competitiveness or asset prices? A synthetic model and an empirical test pp. 1301-1327

Alexander Guschanski and Engelbert Stockhammer

Ownership diversity and the risk-taking channel of monetary policy transmission pp. 1329-1364

Giorgio Caselli, Catarina Figueira and Joseph G Nellis

Emergence, time and sociality: comparing conceptions of process ontology pp. 1365-1394

Guido Baggio

Ulysses’ journey home to Ithaca: a new metaphor for understanding the General Theory pp. 1395-1414

Teodoro Dario Togati

Keynes, Kuhn and the sociology of knowledge: a comment on Pernecky and Wojick pp. 1415-1424

Rod Thomas

A response to ‘Keynes, Kuhn and the sociology of knowledge: a comment on Pernecky and Wojick’ pp. 1425-1428

Mark Pernecky and Paul Wojick

Aristotle’s geometrical accounting pp. 1429-1434

Mark Hayes

Reply to Hayes pp. 1435-1437

Gerhard Michael Ambrosi

Volume 44, issue 4, 2020

The Federal Reserve’s Dollar Swap Lines and the European Central Bank during the global financial crisis of 2007–09 pp. 723-747

Emmanuel Carré and Laurent Le Maux

Macroeconomic policies in Brazil before and after the 2008 global financial crisis: Brazilian policy-makers still trapped in the New Macroeconomic Consensus guidelines pp. 749-779

André Nassif, Carmem Feijo and Eliane Araujo

The political economy of a Northern Ireland border poll pp. 781-812

Seamus McGuinness and Adele Bergin

Better decisions for food security? Critical reflections on the economics of food choice and decision-making in development economics pp. 813-833

Sara Stevano, Deborah Johnston and Emmanuel Codjoe

Reverse hysteresis? Persistent effects of autonomous demand expansions pp. 835-869

Daniele Girardi, Walter Paternesi Meloni and Antonella Stirati

Deregulating antitrust policy pp. 871-890

Mark Stelzner and Mayuri Chaturvedi

Assessing the Marshall–Lerner condition within a stock-flow consistent model pp. 891-918

Emilio Carnevali, Giuseppe Fontana and Marco Veronese Passarella

Inter-industry wage inequality: persistent differences and turbulent equalisation pp. 919-942

Patrick Mokre and Miriam Rehm

Sraffa on non-self-replacing systems: a note pp. 943-952

Fabio Ravagnani

Electric vehicles: the future we made and the problem of unmaking it pp. 953-977

Jamie Morgan

Corrigendum to: Is the Eurozone disintegrating? Macroeconomic divergence, structural polarisation, trade and fragility pp. 979-979

Claudius Gräbner-Radkowitsch, Philipp Heimberger, Jakob Kapeller and Bernhard Schütz

Volume 44, issue 3, 2020

Revisiting the concept of liquidity in liquidity preference pp. 491-505

James Culham

The misdirection of bankers’ moral compass in the organizational field of banking pp. 507-526

Irene van Staveren

The sources of heterogeneity in firm performance: lessons from Italy1 pp. 527-558

Fabio Landini, Alessandro Arrighetti and Eleonora Bartoloni

Varieties of capitalism, increasing income inequality and the sustainability of long-run growth pp. 559-582

Mark Setterfield and Yk Kim

Demand-led growth and accommodating supply pp. 583-605

Steven Fazzari, Piero Ferri and Anna Maria Variato

Power relations and the labour share of income in China pp. 607-628

Hao Qi

New Developmentalism: development macroeconomics for middle-income countries pp. 629-646

Luiz Carlos Bresser-Pereira

Is the Eurozone disintegrating? Macroeconomic divergence, structural polarisation, trade and fragility pp. 647-669

Claudius Gräbner-Radkowitsch, Philipp Heimberger, Jakob Kapeller and Bernhard Schütz

Trade patterns in a globalised world: Brazil as a case of regressive specialisation pp. 671-701

André Nassif and Marta Castilho

On the ‘utilisation controversy’: a comment pp. 703-707

Santiago José Gahn and Alejandro González

On the ‘utilisation controversy’: a rejoinder and some comments pp. 709-722

Michalis Nikiforos

Volume 44, issue 1, 2020

Why only humans and social insects have a division of labour pp. 1-16

Ugo Pagano

Economics and ‘bad’ management: the limits to performativity pp. 17-32

David A Spencer

‘Better off as judged by themselves’: a critical analysis of the conceptual foundations of nudging pp. 33-54

Alexander C Cartwright and Marc A Hight

Will wealth become more concentrated in Europe? Evidence from a calibrated Post-Keynesian model pp. 55-72

Stefan Ederer and Miriam Rehm

Keynes, Kalecki and Metzler in a dynamic distribution model pp. 73-104

Samuele Bibi

Internationalisation, outsourcing and labour fragmentation: the case of FIAT pp. 105-128

Giovanni Balcet and Grazia Ietto-Gillies

Social reproduction, gender equality and economic growth pp. 129-156

Elissa Braunstein, Rachid Bouhia and Stephanie Seguino

Economic development and complexity: the role of recombinant capital pp. 157-180

Anthony M Endres and David A Harper

Class inequality and capital accumulation in Brazil, 1992–2013 pp. 181-206

Pedro Mendes Loureiro

Occupational structure in Ireland in the nineteenth century: data sources and avenues of exploration pp. 207-228

Jason Begley, Frank Geary and Tom Stark

Uncertainty, insecurity, individual relative autonomy and the emancipatory potential of Galbraithian economics pp. 229-246

Chris G Fuller

A comment on ‘The Sraffian Methodenstreit and the revolution in economic theory’ pp. 247-250

Ajit Sinha

Some further considerations on the Sraffian Methodenstreit pp. 251-254

Nuno Martins

Competing for hours: unstable work schedules and underemployment among hourly workers in Canada pp. 255-255

Elaine McCrate, Susan J Lambert and Julia R Henly

Volume 43, issue 6, 2019

Lincoln’s well-considered political economy (the ‘American System’) trumped the Free Trade British System pp. 1439-1458

Emir Phillips

On the necessity of money in an exchange-constituted economy: the cases of Smith and Marx pp. 1459-1483

Isabella M Weber

No price without value: towards a theory of value and price pp. 1485-1498

Dave Elder-Vass

Firms’ leverage ratio and the Financial Instability Hypothesis: an empirical investigation for the US economy (1970–2014) pp. 1499-1523

Italo Pedrosa

Competent demand pull and technological flows within sectoral systems: the evidence on differences within Europe pp. 1525-1547

Cristiano Antonelli and Agnieszka Gehringer

The quality of employment in the early labour market experience of young Europeans pp. 1549-1575

Gabriella Berloffa, Eleonora Matteazzi, Alina Şandor and Paola Villa

Monopoly capital and entrepreneurship: whither small business? pp. 1577-1595

Thomas Lambert

A Kaldor–Schumpeter model of cumulative growth pp. 1597-1621

João Prates Romero

Exchange rate movements, export sophistication and direction of trade: the development channel and North–South trade flows pp. 1623-1652

Mustafa Caglayan and Firat Demir

Was Keynes a socialist? pp. 1653-1682

Edward W Fuller

Explaining the fame of Friedman’s Presidential Address pp. 1683-1700

James Forder and Kardin Sømme

The past and future of the social sciences. A Schumpeterian theory of scientific development? pp. 1701-1722

Stefano Lucarelli, Alfonso Giuliani and Hervé Baron

Volume 43, issue 5, 2019

Surplus country adjustment: revisiting the post-World War II Scarce Currency Clause pp. 1149-1182

Rosario Patalano

The financialisation–offshoring nexus and the capital accumulation of US non-financial firms pp. 1183-1218

Tristan Auvray and Joel Rabinovich

Money creation under full-reserve banking: a stock–flow consistent model pp. 1219-1249

Patrizio Lainà

The role of intangible assets in explaining the investment–profit puzzle pp. 1251-1286

Ozgur Orhangazi

Competing for hours: unstable work schedules and underemployment among hourly workers in Canada pp. 1287-1314

Elaine McCrate, Susan J Lambert and Julia R Henly

Neutral technical progress and the measure of value: along the Kaldor–Kennedy line pp. 1315-1332

Up Sira Nukulkit

Demand drives growth all the way: Goodwin, Kaldor, Pasinetti and the Steady State pp. 1333-1352

Lance Taylor, Duncan Foley and Armon Rezai

Power: a Marxist view pp. 1353-1375

Giulio Palermo

Between Berlin and Cambridge: classical conceptions of the general economic equilibrium in the late 1920s pp. 1377-1395

Roberto Marchionatti

How can we restore the generality of the General Theory? pp. 1397-1415

Teodoro Dario Togati

Malthus on social classes: higher, lower and middle pp. 1417-1435

John Pullen

Erratum: Marx’s transformation problem and Pasinetti’s vertically integrated subsystems pp. 1437-1437

Ian Wright

Volume 43, issue 4, 2019

Financialisation and the new capitalism? pp. 799-804

Giuseppe Fontana, Christos Pitelis and Jochen Runde

Platform economy as a new form of capitalism: a Régulationist research programme pp. 805-824

Matthieu Montalban, Vincent Frigant and Bernard Jullien

Financialisation, institutions and financing constraints in developing countries pp. 825-866

Charilaos Mertzanis

Financial markets and the working class in the USA: an empirical investigation of financial stress pp. 867-890

Michael J McCormack

Exercising the ‘governance option’: labour’s new push to reshape financial capitalism pp. 891-916

Stephen F Diamond

Financialisation in context: the case of Italy pp. 917-936

Guglielmo Forges Davanzati, Andrea Pacella and Angelo Salento

The impact of financialisation on the wage share: a theoretical clarification and empirical test pp. 937-974

Karsten Kohler, Alexander Guschanski and Engelbert Stockhammer

Financialisation and tendencies towards stagnation: the role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007–09 pp. 975-999

Eckhard Hein

Towards (de-)financialisation: the role of the state pp. 1001-1027

Ewa Karwowski

Shadow banking and the financial side of financialisation pp. 1029-1051

Eugenio Caverzasi, Alberto Botta and Clara Capelli

Transformation of banking reconsidered: how feasible is ‘de-financialisation’? pp. 1053-1071

Robert Sweeney

Labour share decline, financialisation and structural change pp. 1073-1102

Riccardo Pariboni and Pasquale Tridico

Too big to manage: US megabanks’ competition by innovation and the microfoundations of financialization pp. 1103-1121

Nicole Cerpa Vielma, Hasan Cömert, Carmela D’Avino, Gary Dymski, Annina Kaltenbrunner, Eirini Petratou and Mimoza Shabani

The entwined futures of financialisation and cities pp. 1123-1148

Priya S Gupta

Volume 43, issue 3, 2019

The nature of heterodox economics revisited pp. 527-539

Yannick Slade-Caffarel

An empirical analysis of Minsky regimes in the US economy pp. 541-583

Leila E Davis, Joao Paulo A de Souza and Gonzalo Hernandez Jimenez

An empirical contribution to Minsky’s financial fragility: evidence from non-financial sectors in Japan pp. 585-622

Hiroshi Nishi

Capital intensity, unproductive activities and the Great Recession in the US economy pp. 623-647

Lefteris Tsoulfidis and Dimitris Paitaridis

Technical and structural change, and the fall in the manufacturing output–capital ratio in Mexico, 1990–2015 pp. 649-675

Carlos A Ibarra

Collective wage bargaining and the role of institutional stability: a cross-national comparison of macroeconomic performance pp. 677-694

Bernd Brandl and Christian Ibsen

The structure and sustainability of China’s debt pp. 695-715

Lixin Sun

Cyclical fluctuations and the structure of production pp. 717-732

Giampaolo Garzarelli, Peter Lewin and Bill Tulloh

Austerity and gender inequalities in Europe in times of crisis pp. 733-767

Cristiano Perugini, Jelena Žarković Rakić and Marko Vladisavljevic

The problematic nature and consequences of the effort to force Keynes into the conceptual cul-de-sac of Walrasian economics pp. 769-783

Mark Pernecky and Paul Wojick

Do not take peace for granted: Adam Smith’s warning on the relation between commerce and war pp. 785-797

Maria Pia Paganelli and Reinhard Schumacher

Volume 43, issue 2, 2019

Technological revolutions and speculative finance: evidence from the British Bicycle Mania pp. 271-294

William Quinn

Why women do not ask: gender differences in fairness perceptions of own wages and subsequent wage growth pp. 295-310

Christian Pfeifer and Gesine Stephan

Trade Imbalances and Fiscal Policy in the Eurozone: An Analysis of Economic Interrelations with a Global Supermultiplier Input-Output Model pp. 311-334

Ferran Portella-Carbó and Óscar Dejuán

Internal devaluation in a wage-led economy: the case of Spain pp. 335-360

Ignacio Alvarez, Jorge Uxó and Eladio Febrero

Wealth distribution in Cuba (2006–2014): a first assessment using microdata1 pp. 361-383

Dayma Echevarría, Alberto Gabriele, Sara Romanò and Francesco Schettino

Graph representation of balance sheets: from exogenous to endogenous money pp. 385-411

Cyril Pitrou

A supermultiplier Stock-Flow Consistent model: the “return” of the paradoxes of thrift and costs in the long run? pp. 413-442

Lidia Brochier and Antonio Carlos

Long-run variation in capacity utilization in the presence of a fixed normal rate pp. 443-463

Mark Setterfield

Mark-up pricing, sectoral dynamics, and the traverse process in a two-sector Kaleckian economy* pp. 465-479

Shinya Fujita

Education and ‘human capitalists’ in a classical-Marxian model of growth and distribution pp. 481-506

Amitava Dutt and Roberto Veneziani

The Sraffian Methodenstreit and the revolution in economic theory pp. 507-525

Nuno Martins

Volume 43, issue 1, 2019

Adam Smith’s foundational idea of sympathetic persuasion1 pp. 1-15

Leonidas Montes

Adam Smith and Thorstein Veblen on the Pursuit of Status Through Consumption versus Work pp. 17-36

Jon D WismanProfessor of Economics

The Labour Demand of Firms: An Alternative Conception Based on the Capabilities Approach pp. 37-60

Eduardo Fernández-Huerga

On the impossibility of central bank independence: four decades of time- (and intellectual) inconsistency pp. 61-84

Christopher Hartwell

Demographic growth, Harrodian (in)stability and the supermultiplier pp. 85-106

Olivier Allain

A classical-Marxian model of antebellum slavery pp. 107-138

John Clegg and Duncan Foley

Manufacturing matters…but it’s the jobs that count pp. 139-168

Jesus Felipe, Aashish Mehta and Changyong Rhee

Marx’s transformation problem and Pasinetti’s vertically integrated subsystems pp. 169-186

Ian Wright

An Evolutionary Analysis of Industrial Districts: The Changing Multiplicity of Production Know-How Nuclei pp. 187-204

Marco Bellandi, L De Propris and Erica Santini

Poverty Alleviation as an Economic Problem pp. 205-221

Adam Martin and Matias Petersen

Economics of Late Development and Industrialization: Putting Gebrehiwot Baykedagn (1886–1919) in Context pp. 223-248

Zinabu Samaro RekisoPhD

Alfred Marshall’s household economics: the role of the family in cultivating an ethical capitalism pp. 249-267

Miriam Bankovsky

Alfred Marshall’s household economics: the role of the family in cultivating an ethical capitalism pp. 269-269

Miriam Bankovsky