Review of Political Economy

1997 - 2021

Current editor(s): Steve Pressman and Louis-Philippe Rochon

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Volume 33, issue 4, 2021

The Consolidation of Dollar Hegemony After the Collapse of Bretton Woods: Bringing Power Back in pp. 529-551

Matías Vernengo

Bretton Woods After 50 pp. 552-569

Barry Eichengreen

Keynes, Knight, and Fundamental Uncertainty: A Double Centenary 1921–2021 pp. 570-584

Robert W. Dimand

Keynes's Treatise on Probability: The First Century pp. 585-610

Rod O’Donnell

A Structural Economic Dynamics Approach to ‘Stagnationist’ Unbalanced Growth pp. 611-630

Theo Santini Antunes and Ricardo Araujo

Reacting to Samuelson: Early Development Economics and the Factor-Price Equalization Theorem pp. 631-655

Mauro Boianovsky

Understanding Dollarisation: A Keynesian/Kaleckian Perspective pp. 656-686

Marco Missaglia

Negative Interest Rate Policy to Fight Secular Stagnation: Unfeasible, Ineffective, Irrelevant, or Inadequate? pp. 687-710

Stefano Di Bucchianico

Recession, Financial Instability, Social Inequality and the Health Crisis pp. 711-724

Gregorio Vidal

Wages, Income Distribution and Economic Growth: Long-Run Perspectives in Scandinavia, 1900–2010 pp. 725-745

Erik Bengtsson and Engelbert Stockhammer

Reconstructing Marx’s Theory of Credit and Payment Crises under Simple Circulation pp. 746-768

Andrew B. Trigg

Timing Does Matter: Institutional Flaws and the European Debt Crisis pp. 769-792

Valerio Filoso, Carlo Panico, Erasmo Papagni, Francesco Purificato and Marta Vázquez Suárez

Volume 33, issue 3, 2021

Correction pp. i-ii

The Editors

What Have We Yet to Learn From the COVID-19 Crisis? pp. 373-376

Louis-Philippe Rochon and Mario Seccareccia

Infection Is the Cycle: Unemployment, Output and Economic Policies in the COVID-19 Pandemic pp. 377-393

Maria Cristina Barbieri Góes and Ettore Gallo

The Winters of Our Discontent and the Social Production Economy pp. 394-413

Riccardo Bellofiore

Economic Policies and the Coronavirus Crisis in the UK pp. 414-431

Malcolm Sawyer

Are EU Policies Effective to Tackle the Covid-19 Crisis? The Case of Italy pp. 432-461

Rosa Canelli, Giuseppe Fontana, Riccardo Realfonzo and Marco Veronese Passarella

Teaching the Economic Impact of COVID-19 with a Simple Short-run Macro-model: Simultaneous Supply and Demand Shocks pp. 462-479

Sebastien Charles, Thomas Dallery and Jonathan Marie

Notes on Covid-19, Potential GDP, and Hysteresis pp. 480-486

Thomas Michl

Distribution and Productivity Growth: An Empirical Exercise Applied to Selected Latin American Countries pp. 487-510

Douglas Alencar, Frederico G. Jayme, Gustavo Britto and Claudio Puty

Theoretical Practice and the Foundational Level of Macroeconomic Analysis: Reflections on the Work of Fernando Cardim de Carvalho pp. 511-528

Gary Dymski and Danielle Guizzo

Volume 33, issue 2, 2021

A Word from the Editor pp. 167-169

Louis-Philippe Rochon

What Does It Take to Be Top Women Economists? An Analysis Using Rankings in RePEc pp. 170-193

Giulia Zacchia

Exclusion in ‘Ricardian’ Trade Models pp. 194-211

Eduardo Crespo, Ariel Dvoskin and Guido Ianni

The Rise of Corporate Net Lending Among G7 Countries: A Firm-Level Analysis pp. 212-235

Davide Villani

Monetary Policy Under Steindlian Mark-up Dynamics pp. 236-260

Soumya Datta

On the Role of Finance in the Sraffian System pp. 261-277

Ariel Dvoskin and German Feldman

Introduction to the STOREP symposium pp. 278-279

Antonella Stirati and Carlo Zappia

Walras or Pareto: Who is to Blame for the State of Modern Economic Theory? pp. 280-302

Alan Kirman

The Impact of Financialization on the Rate of Profit pp. 303-326

Stefano Di Bucchianico

Reflexivity, Financial Instability and Monetary Policy: A ‘Convention-Based’ Approach pp. 327-343

Emanuele Citera and Lino Sau

The Driving Forces Behind the Rise of Experimental Economics pp. 344-361

Andrej Svorenčík

Post-Keynesian monetary theory: selected essays pp. 362-363

John E. King

Unbound: How Inequality Constricts our Economy and What We Can Do about It pp. 364-366

Tracey Freiberg

Transition Economies: Transformation, Development, and Society in Eastern Europe and the former Soviet Union pp. 366-369

Artyom H. Tonoyan

In Memoriam Eugenia Correa pp. 370-371

Jesus Ferreiro

Volume 33, issue 1, 2021

The Aptly or Wrongly Named Development Economics: An Introduction to New Perspectives and Models pp. 1-6

Natalia Bracarense

Underdevelopment and Dependence: The Fundamental Connections pp. 7-15

Celso Furtado

The Myth of Economic Development and the Future of the Third World pp. 16-27

Celso Furtado

Celso Furtado and the Myth of Economic Development: Rethinking Development from Exile pp. 28-43

Pedro Loureiro, Fernando Rugitsky and Alfredo Saad-Filho

Growth, Distribution, and External Constraints: A Post-Kaleckian Model Applied to Brazil pp. 44-66

Douglas Alencar, Frederico G. Jayme and Gustavo Britto

The Limitations of International Relations Regarding MNCs and the Digital Economy: Evidence from Brazil pp. 67-87

Marcos Vinícius Isaias Mendes

Keynes on State and Economic Development pp. 88-102

Fábio Henrique Bittes Terra, Fernando Ferrari Filho and Pedro Cezar Dutra Fonseca

Capital Flows to Latin America (2003–17): A Critical Survey from Prebisch’s Business Cycle Theory pp. 103-125

Roberto Lampa

Institutions and Development From a Historical Perspective: the Case of the Brazilian Development Bank pp. 126-144

Alex Wilhans Antonio Palludeto and Roberto Alexandre Zanchetta Borghi

Institutional Change in Nepal: Liberalization, Maoist Movement, Rise of Political Consciousness and Constitutional Change pp. 145-166

Kalpana Khanal and Natalia Bracarense

Volume 32, issue 4, 2020

Introduction: Kalecki and Kaleckian Economics pp. 487-491

Louis-Philippe Rochon, Marcin Czachor and Gracjan Bachurewicz

Remembering Kalecki: 22/05/1899–18/04/1970 pp. 492-499

Jerzy Osiatyński

Kalecki and Cambridge pp. 500-510

Maria Cristina Marcuzzo

Overhead Labour Costs in a Neo-Kaleckian Growth Model with Autonomous Non-Capacity Creating Expenditures pp. 511-537

Marc Lavoie and Won Jun Nah

Reforming Capitalist Democracies: Which Way? pp. 538-547

Amit Bhaduri

Kalecki on Budget Deficits and the Possibilities for Full Employment pp. 548-562

Malcolm Sawyer

The Eurozone in Crisis — A Kaleckian Macroeconomic Regime and Policy Perspective pp. 563-588

Eckhard Hein and Judith Martschin

The Relevance of Kalecki for Financial Capitalism of the 2020s pp. 589-595

Jerzy Osiatyński

Debt Management and the Fiscal Balance pp. 596-603

Jan Toporowski

Kalecki and Marx Reconnected pp. 604-614

Peter Kriesler and Joseph Halevi

Personal Income Distribution and Progressive Taxation in a Neo-Kaleckian Model: Insights from the Italian Case pp. 615-639

Maria Cristina Barbieri Góes

Gender Issues in Kaleckian Distribution and Growth Models: On the Macroeconomics of the Gender Wage Gap pp. 640-664

Eckhard Hein

Volume 32, issue 3, 2020

Nobel Rebels in Disguise — Assessing the Rise and Rule of the Randomistas pp. 305-341

Ingrid Harvold Kvangraven

Emergent Macroeconomics: Deriving Minsky’s Financial Instability Hypothesis Directly from Macroeconomic Definitions pp. 342-370

Steve Keen

The European Payments Union (1950–58): the Post-War Episode of Keynes’ Clearing Union pp. 371-389

Adrien Faudot

A Keynes + Schumpeter Model to Explain the Relationship Between Money, Development and Crises pp. 390-413

Giancarlo Bertocco and Andrea Kalajzić

Marx Meets Keynes in the Classroom: Teaching a Simple Model of Modern Capitalism pp. 414-432

Corrado Andini

A Note on the Competing Causes of High Inflation in Bulgaria during the 1990s: Money Supply or Exchange Rate? pp. 433-443

Sebastien Charles and Jonathan Marie

A Response to ‘On Sinha’s View of Sraffa’s Revolution in Economic Theory’ pp. 444-449

Ajit Sinha

On Sraffa’s Prices: A Rejoinder to Sinha pp. 450-458

Enrico Levrero

A Simple Stock-Flow Consistent Model with Short-Term and Long-Term Debt: A Comment on Claudio Sardoni pp. 459-473

Marc Lavoie and Gennaro Zezza

Saving and Investment Financing: Different Approaches pp. 474-480

Claudio Sardoni

The US Financial System and its Crises. From the 1907 Panic to the 2007 Crash pp. 481-483

Maria Cristina Marcuzzo

The ABCs of Capitalism pp. 483-485

Randy Priem

Volume 32, issue 2, 2020

Economics and Sociology: An Introduction pp. 141-148

Guillaume Vallet and Steven Pressman

Entrepreneurs and Uncertainty: Max Weber and the Sociology of Economic Action pp. 149-162

Stephen D. Parsons

Incentives Matter, But What Do They Mean? Understanding the Meaning of Market Coordination pp. 163-179

Erwin Dekker, Blaž Remic and Carolina Dalla Chiesa

Cross-Fertilizations Between Institutional Economics and Economic Sociology: The Case of Régulation Theory and the Sociology of Fields pp. 180-198

Samuel Klebaner and Matthieu Montalban

Social Structures of Accumulation in Greece, 1980–2014 pp. 199-215

Angeliki Papadopoulou and Giorgos Gouzoulis

When Melius Abundare Is No Longer True: Excessive Financialization and Inequality as Drivers of Stagnation pp. 216-242

Riccardo Pariboni, Walter Paternesi Meloni and Pasquale Tridico

Policies for Equality Under Low or No Growth: A Model Inspired by Piketty pp. 243-258

Tilman Hartley, Jeroen van den Bergh and Giorgos Kallis

Factors Affecting School Attendance and Implications for Student Achievement by Gender in Nepal pp. 259-282

Niroj Bhattarai, Alexandra Bernasek and Anita Alves Pena

Is There a Declining Trend in Capacity Utilization in the US Economy? A Technical Note pp. 283-296

Santiago José Gahn

Stolen: How to Save the World from Financialisation pp. 297-301

William Jefferies

Roy Harrod pp. 302-304

Guglielmo Forges Davanzati

Volume 32, issue 1, 2020

A Meta-analysis on Labour Market Deregulations and Employment Performance: No Consensus Around the IMF-OECD Consensus pp. 1-21

Emiliano Brancaccio, Fabiana De Cristofaro and Raffaele Giammetti

The Price Puzzle and the Hysteresis Hypothesis: SVEC Analysis for the US Economy pp. 22-29

Matteo Deleidi and Enrico Levrero

The Macroeconomic Impact of the Porter Hypothesis: Sustainability and Environmental Policies in a Post-Keynesian Model pp. 30-48

Giulio Guarini

Kaldor 3.0: An Empirical Investigation of the Verdoorn-augmented Technical Progress Function pp. 49-76

Fabrizio Antenucci, Matteo Deleidi and Walter Paternesi Meloni

Modern Money Theory: A Critical Assessment and a Proposal for the State As Innovator of First Resort pp. 77-98

Giorgio Colacchio and Guglielmo Forges Davanzati

A Note on Krugman’s Liquidity Trap and Monetary Policy at the Zero Lower Bound pp. 99-120

Stefano Di Bucchianico

Liquidity Preference, Capital Accumulation and Investment Financing: Fernando Cardim de Carvalho’s Contributions to the Post-Keynesian Paradigm pp. 121-139

José Luís Oreiro, Luiz Fernando de Paula and João Pedro Heringer Machado