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Syllabus. Department of Government, Harvard University, Spring 2021-22
Brazilian Keynesian Review
Journal of Reviews on Global Economics, 2015
Climate Change and Indigenous Peoples
2014
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This paper first reviews the work of Karl Marx who was one of the first writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the approach of various subsequent Marxian writers, most of whom locate periodic cyclical crises within the framework of longer-term phases of capitalist development, the most recent of which is generally seen as having begun in the 1980s. The paper also looks at the analyses of Thorstein Veblen and Wesley Claire Mitchell, two US institutionalist economists who stressed the role of finance and its contribution to generating periodic crises, and the Italian Circuitist writers who stress the problematic challe...
The death of Wynne Godley silences a forceful and very often critical voice in macroeconomics. Wynne's own strong view, that although his work was representative of the non-mainstream Keynesian approach to economics and especially economic policy was important nevertheless, has been confirmed time and time again as evidenced in the fortunes of the UK, US and Eurozone economies.
2021
This paper explains the emergence of financialisation of nonfinancial corporations (NFCs) in the USA by way of the increased pension fund savings of white-collar workers which can be considered by Monetary Circuit Theory (MCT) as ‘leakages’ causing equity issuances to be replenished. The indirect causal nexus can briefly be explained that pension fund savings of white-collar workers have been facilitated by the increasing wage differential between white-collar and blue-collar workers which is driven by the increased market concentration. Since pension funds savings are channelled to financial markets instead of being spent for consumption goods, liquidity deficits of firms being replenished throughout stock markets and because of excess inflows into financial markets, profit expectations of NFCs from liquid financial assets have come to exceed the quasi-rent expectations from illiquid capital assets due to depressed demand for consumption goods. This paper stands as a reconstructive summary of findings of three published articles on each arguments of causal nexus and a contribution to MCT which has not yet considered market concentration.
Review of Political Economy, 2020
Finance and Society, 2020
International Handbook on Whistleblowing Research
Journal of Qualitative Research in Tourism, 2020
Journal of International Economic Law, 2007
The Review of International Organizations, 2010
Journal of Qualitative Research in Tourism, 2020
Comparative Constitutional Law in Asia, 2014
Military Law and the Law of War Review , 2020
TUFTS/GDAE Working Paper, 2018
Journal of Qualitative Research in Tourism
Ministers, Minders and Mandarins