A Tale of Two Thailands: A Minskyan Analysis of Growth in Different Regimes

David M. Brennan
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David M. Brennan: Franklin & Marshall College, Lancaster, PA, USA, david.brennan@fandm.edu

Review of Radical Political Economics, 2010, vol. 42, issue 1, 66-80

Abstract: This paper employs a Kaleckian/Minskyan analysis of profit flows to explain Thailand’s experiences of growth and crisis under different policy regimes. Specifically, the paper shows how profits were differently supported under the neoliberal policy regime of the day and a regime of less stable exchange rates and fiscal deficits. The analysis of the components of profit flows is helpful in explaining why capitalist economies oscillate between different types of monetary and fiscal interventions. JEL classification: F41, E60, E12

Keywords: profits; Thailand; Minsky (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:42:y:2010:i:1:p:66-80

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