Review of Political Economy

1997 - 2025

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

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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 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

Volume 31, issue 4, 2020

Liar’s Loans, Mortgage Fraud, and the Great Recession pp. 479-508

Thomas Herndon

Some Misunderstood Aspects of the Final Chapter of Keynes’s General Theory pp. 509-527

Rod O’Donnell

Augusto Graziani and the Marx-Schumpeter-Keynes ‘Cycle of Money Capital’: A Personal Look at the Early Italian Circuitism from an Insider pp. 528-558

Riccardo Bellofiore

Money Creation in the Eurozone: An Empirical Assessment of the Endogenous and the Exogenous Money Theories pp. 559-581

Matteo Deleidi and Giuseppe Fontana

Alternative Monetary Targets, Instruments and Future Monetary Policy Frameworks pp. 582-601

Cristiano Boaventura Duarte

Marx, Sraffa, and Surplus: Observations Prompted by Garegnani (2018) pp. 602-620

Gilbert Skillman

A Century of Wealth in America pp. 621-625

Edwin Dickens

Do Central Banks Serve the People? pp. 625-628

Ad van Riet

Volume 31, issue 3, 2019

Putting Austerity to Bed: Technical Progress, Aggregate Demand and the Supermultiplier pp. 315-335

Matteo Deleidi and Mariana Mazzucato

Climate Change, Innovation, and Economic Growth: The Contributions of William Nordhaus and Paul Romer pp. 336-355

Anders Fremstad, Luke Petach and Daniele Tavani

Too-Big-To-Fail: Why Megabanks Have Not Become Smaller Since the Global Financial Crisis? pp. 356-381

Stefanos Ioannou, Dariusz Wójcik and Gary Dymski

Great Recession and Macroeconomic Theory: A Useless Crisis? pp. 382-406

Giancarlo Bertocco and Andrea Kalajzić

The (Over)Cost of Capital: Financialization and Nonfinancial Corporations in France (1961–2011) pp. 407-429

Laurent Cordonnier, Thomas Dallery, Vincent Duwicquet, Jordan Melmies and Franck Van de velde

Von Thünen’s Political Economy of Justice pp. 430-444

Joseph Persky

Nicholas Kaldor on Adam Smith and Allyn Young pp. 445-463

Ramesh Chandra

Rethinking the Theory of Money, Credit, and Macroeconomics: A Review Essay pp. 464-471

Nina Eichacker

Rethinking the Theory of Money, Credit, and Macroeconomics pp. 472-474

Phil Armstrong

Birth Strike: The Hidden Fight over Women’s Work / Full Surrogacy Now: Feminism against the Family pp. 474-478

Kirstin Munro

Volume 31, issue 2, 2019

A System with Zero Reserves and with Clearing Outside of the Central Bank: The Canadian Case pp. 145-158

Marc Lavoie

Foreign Exchange Pressure in Barbados: Monetary Approach or Monetary Dependence? pp. 159-177

Darrin Downes and Tarron Khemraj

The Long-Run Non-Neutrality of Monetary Policy: A General Statement in a Dynamic General Equilibrium Model pp. 178-193

Eric Kam, John Smithin and Aqeela Tabassum

Unemployment and Growth: Putting Unemployment into Post Keynesian Growth Theory pp. 194-215

Thomas Palley

From Methodological Individualism to Complexity: The Case of Ludwig Lachmann pp. 216-232

Sandye Gloria

Investment and Saving in a Dynamic Context: The Contributions of Athanasios (Tom) Asimakopulos pp. 233-246

Claudio Sardoni

Re-Examining the Development of Hirschman’s Linkage Analysis with Detection of Smithian Flavor pp. 247-270

P. Sai-wing Ho

Crisis and Revolution in Economic Theory and Policy: A Debate pp. 271-287

Olivier Blanchard and Emiliano Brancaccio

The Vanishing Middle Class: Prejudice and Power in a Dual Economy pp. 288-290

Paul May

Financial Deepening and Post-Crisis Development in Emerging Markets: Current Perils and Future Dawns pp. 290-295

Michalis Nikiforos

The Great Convergence: Information Technology and the New Globalization pp. 295-297

Paul May

Feminism, Capitalism, and Critique: Essays in Honor of Nancy Fraser pp. 297-299

Shaianne T. Osterreich

Banks and Finance in Modern Macroeconomics: A Historical Perspective pp. 299-304

Edwin Dickens

Pope Francis and the Caring Society pp. 304-311

Charles M. A. Clark

Correction pp. 313-313

The Editors

Volume 31, issue 1, 2019

The Facts and the Values of the Lucas Critique pp. 1-25

Katherine A. Moos

What Is Supply-and-Demand? The Marshallian Cross Versus Classical Economics pp. 26-41

Tony Aspromourgos

Work Hours and CO2 Emissions: Evidence from U.S. Households pp. 42-59

Anders Fremstad, Mark Paul and Anthony Underwood

Foucault on the Marginal Revolution in Economics: Language and the Cartesian Legacy pp. 60-74

Iara Vigo de Lima

Some Issues in the Sraffian View of Competition: Starting from Clifton pp. 75-94

Graham White

Marx and Sraffa: A Comment on Gehrke and Kurz pp. 95-99

Giancarlo de Vivo

On the ‘Origins’ of Sraffa’s Production Equations: A Reply to de Vivo pp. 100-114

Christian Gehrke, Heinz Kurz and Neri Salvadori

On Sinha’s View of Sraffa’s Revolution in Economic Theory: A Review Essay pp. 115-123

Enrico Levrero

The Age of Monopoly Capital: The Selected Correspondence of Paul A. Baran and Paul M. Sweezy, 1949–1964 pp. 124-127

Ric Holt

James M. Buchanan and Liberal Political Economy: A Rational Reconstruction pp. 127-130

Randall Holcombe

The Oxford Handbook of Professional Economic Ethics pp. 131-134

Ioana Negru

Competition, Economic Planning, and the Knowledge Problem pp. 134-137

Eugene Callahan

Radical Markets: Uprooting Capitalism and Democracy for a Just Society pp. 137-141

Philippe van Basshuysen

The Foundations of Real-World Economics: What Every Student Needs to Know pp. 142-144

Larry Allen