This paper reviews Piketty’s book Capital in the 21st Century. Although the facts described by Piketty are widely indisputable, the paper criticizes the actual economic theory underlying the central thesis…
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This paper argues that policy conclusions of the economics of climate change literature based on “integrated assessment models” (IAM) fails to take into account the intricacies of collective action. Specifically,…
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This paper examines how data visualization is used to supplement the arguments in Thomas Piketty’s Capital in the 21st Century. Piketty shows a consistent pattern of modifying his visualizations to…
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A “general formula” for the rental yield of a property is derived in terms of an exponential appreciation rate, a discount rate, a holding time, and a set of tax…
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The Least Developed Countries Report 2006 argued that a paradigm shift in national and international policies to promote development and poverty reduction is required because current policies are inadequate and…
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We have previously presented a critique of the standard Marshallian theory of the firm, and developed an alternative formulation that better agreed with the results of simulation. An incorrect mathematical…
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In a series of papers, Steve Keen and Russell Standish criticize the textbook approaches to firm behavior under conditions of perfect and imperfect competition. These papers misstate the assumptions underlying…
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The Greek debt crisis opened up the policy discourse over Europe to the extent of an unprecedented extent of questioning of the original design of the Eurozone. Such a rethink…
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The debate on the Italian economic crisis in the Euro zone should address a fundamental issue: what is the origin of the decline in productivity that affected the Italian economic…
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The Economic and Monetary Union was constructed on poor foundations which sought to impose inappropriate macroeconomic policies. This construction did not pay heed to the differences between countries with regard…
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Although solidarity is not a recent phenomenon, the emergence of new or re-invented forms of production and sharing that are based on that principle, has raised again several burning questions…
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This article examines the situation of the boat people of Europe. Given that this issue affects some politically sensitive and legally delicate notions, including for example the sovereignty and jurisdiction…
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Traditionally most home buyers in the US need a mortgage and the current system of mortgage origination creates an incentive for borrowers to offer bids on homes far higher than…
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Pundits and policymakers throughout the world are calling for drastic reductions in government budget deficits. Their fear is that the weight of accumulating debt will lead to disaster as it…
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Fiscal austerity has become the mantra, the solution to the world’s problems. Unemployment and slow growth? More austerity. High interest rates and rising debt ratios? More austerity. Inflation? More austerity….
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Neoclassical views on fiscal sustainability are based on several assumptions that are inconsistent with accounting and operational realities of the money system, including dangers of “bond vigilantes” in government debt…
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This paper is drawn from Mitchell (2015), which traced the origins of the Eurozone back to the desire in the immediate post-World War II period to end the destructive Franco-German…
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Mexico has a long history of dealing with austerity as a tool to achieve fiscal consolidation. During the last 40 years, the country has repeatedly implemented programs for austerity and…
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This article focuses on the education reforms of the current government of Michelle Bachelet (Chile, 2014-2018) triggered by the large student protests of 2011 – the “Chilean winter” – and…
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The educational and academic fields have not been spared by the neoliberal logic. They indeed became one of its primary targets. Critics of neoliberalism too often neglect this, for they…
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Neoliberalism’s influence in higher education is broad and deep. We focus on three interrelated dynamics, all manifestations of neoliberalization in higher education: labor flexibilization, bureaucratization, and corporatization. Through these channels,…
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In this article we will argue that, despite offering free undergraduate education, the University of Buenos Aires (UBA) has become a market university. As all the other public universities in…
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This paper tells the story of boundaries redrawn within a public university, specifically between the university and its regional campuses, as well as concerned faculty members’ attempts to respond and…
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Privatization is often used as a self-evident concept, overlapping with corporatization, marketization, commodification and neoliberalization. Our analysis, focusing on changes in the legal status and decision- making procedures at the…
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CALL FOR PAPERS Statement of Purpose by the New Managing Editors Issue 8, April 2017 – The Political Economy of the University INC. The Political Economy of the University INC.:…
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Statement of Purpose by New Managing Editors 11/4/2017 We would like to take this opportunity to thank outgoing editor John Harvey for all the very hard work that he has…
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This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge….
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If you would like to submit a paper for consideration for the WER please email wereditor@worldeconomicsassociation.org Guidelines For The Manuscripts Please format your article along the lines suggested below. Please…
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Issue 8, April 2017 – The Political Economy of the University INC. No 7, July 2016 – Worldwide Fiscal Crisis: Fact or Fiction? No 6, February 2016 – Europe in…
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Email: wereditor@worldeconomicsassociation.org Jayati Ghosh, India, Jawaharlal Nehru University: jayatijnu@gmail.com John Weeks, UK, University of London: johnweeks@jweeks.org Susan Feiner, USA, University of Southern Maine: sffein@usm.maine.edu Esteban Perez Caldentey, Chile, Economic Commission for…
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Neoliberal restructuring includes an unprecedented attack on the autonomy of universities, their faculties, administrators, support staffs and students. How has your work—as a professor, graduate student, educational support professional, administrator…
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Globalisation has meant that multinational corporations and wealthy individuals can shift tax liabilities from high to low tax countries as standard operation. We know little about these movements but the…
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