Methodology for measuring distortions to agricultural incentives
- Authors: Anderson, Kym , Kurzweil, Marianne , Martin, Will , Sandri, Damiano , Valenzuela, Ernesto
- Date: 2008
- Type: Text , Book chapter
- Relation: Distortions to Agricultural Incentives in Europe's Transition Economies p.
- Full Text: false
- Reviewed:
Tax policy and innovation : A search for common ground
- Authors: Courvisanos, Jerry , Laramie, Anthony , Mair, Douglas
- Date: 2009
- Type: Text , Journal article
- Relation: Intervention. European Journal of Economics and Economic Policies Vol. 6, no. 2 (2009), p. 271-287
- Full Text: false
- Reviewed:
- Description: The paper is motivated by a desire to find common ground between mainstream and post-Keynesian approaches to fiscal policy. A post-Keynesian approach with origins in Kalecki offers a promising line of enquiry which is developed here. The paper identifies the principal differences between the Keynesian and Kaleckian approaches. The possibilities are explored of finding accommodation between the mainstream and Kaleckian approaches to the taxation of greenhouse gases. The macroeconomic implications of taxing greenhouse gases are identified. However, these may be thwarted by the emergence of ›political aspects of innovation‹, akin to Kalecki’s ›political aspects of full employment‹. A Kaleckian balanced budget approach allied to fiscal incentives to innovate offers some prospect of common ground with the mainstream.
- Description: 2003007340
Revisiting the concept of liquidity in liquidity preference
- Authors: Culham, James
- Date: 2020
- Type: Text , Journal article
- Relation: Cambridge Journal of Economics Vol. 44, no. 3 (2020), p. 491-505
- Full Text:
- Reviewed:
- Description: This paper revisits Keynes's theory of liquidity preference to emphasise its reliance on liquidity. By clarifying the meaning of 'liquidity' in the context of the theory, it is argued that liquidity preference is not based on the demand for money, the most tradable asset, or a theory of bearishness. Instead, liquidity preference represents a demand for price-protected (capital-safe) assets, most directly inside and outside money, but also cash-equivalent quasi-money such as self-liquidating assets and security repurchase agreements (repo). The theory of liquidity preference explains that the public is willing to forgo interest income to hold short-term price-protected assets due to the capital and price uncertainty associated with relying on market liquidity, or how easy it is to convert an asset into money. It follows that the rate of interest is a monetary phenomenon and is determined independently of saving and investment. © 2019 The Author(s) 2019. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.
The financial system and revenue collection in Malaysia : an empirical analysis
- Authors: Taha, Roshaiza , Colombage, Sisira , Maslyuk, Svetlana
- Date: 2010
- Type: Text , Journal article
- Relation: The Empirical Economics Letters Vol. 9, no. 11 (2010), p.
- Full Text: false
- Reviewed:
MARX@200
- Authors: Howard, Michael , King, John
- Date: 2018
- Type: Text , Journal article
- Relation: Review of Political Economy Vol. 30, no. 3 (2018), p. 317-338
- Full Text: false
- Reviewed:
- Description: The article begins by outlining the philosophic anthropology that Marx derived from his reading of Hegel. We continue by arguing that this formed the basis of his materialist conception of history and his analysis of the political economy of the capitalist mode of production, with particular reference being made to Marx’s theory of value and his account of the economic contradictions of the capitalist system. We then discuss his views on the nature of post-capitalist society, concluding with a critical but broadly positive account of the relevance of his ideas to modern capitalism. Marx, we suggest, should not be regarded as a purely 19th-century thinker, as some recent biographers have maintained.