Review of Political Economy

1997 - 2025

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

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Volume 34, issue 4, 2022

Introduction pp. 613-614

Ivan Moscati, Paolo Paesani and Antonella Stirati

Alfred Marshall, Evolutionary Economics and Climate Change pp. 615-632

Sheila Dow

MMT, Sovereign Currencies and the Eurozone pp. 633-646

Marc Lavoie

Are Shadow Moneys Money Proper? A Critical Discussion from the Perspective of the History of Monetary Theory pp. 647-664

Bruna Ingrao, Francesco Ruggeri and Claudio Sardoni

Framing Institutional Choice, 1937–1973: New Institutional Economics and the Neglect of the Commons pp. 665-691

Maxime Desmarais-Tremblay and Aleksandar Stojanović

The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs pp. 692-708

Thomas Palley

General Theory-Special Case Relationships: Keynes and Neoclassicism pp. 709-734

Rod O’Donnell

The Future of Work: Conceptual Considerations and a New Analytical Approach for the Political Economy pp. 735-765

Christine Ngoc Ngo, Marco R. Di Tommaso, Mattia Tassinari and John Marcus Dockerty

Allyn Young on Henry George and the Single Tax pp. 766-788

Ramesh Chandra

External Shocks and Inflationary Pressures in Argentina: A Post-Keynesian-Structuralist Empirical Approach pp. 789-806

Gabriel Montes-Rojas and Fernando Toledo

Democratizing the Economics Debate. Pluralism and Research Evaluation pp. 807-810

Daniele Tori

Labour and Value: Rethinking Marx’s Theory of Exploitation pp. 810-812

Ermanno C. Tortia

Volume 34, issue 3, 2022

How ‘Monetization’ Really Works — Examples from Three Asian Nations’ Responses to Covid-19 pp. 397-419

Jesus Felipe and Scott Fullwiler

Monetary Policy Responses to Covid-19: A Comparison with the 2008 Crisis and Implications for the Future of Central Banking pp. 420-445

Matheus R. Grasselli

Keynes and Smith, Opponents or Allies? Part II: Smith, and Keynes-Smith Parallels pp. 446-467

Rod O’Donnell

Satisfaction with Democracy and Social Capital: Multi-Level Model Evidence for the Pre- and Post-Crisis Era pp. 468-503

Evangelos Bekiaris and Irene Daskalopoulou

A New, Simple SFC Open Economy Framework pp. 504-533

Emilio Carnevali

The Evidence for Free Trade and Its Background Assumptions: How Well-Established Causal Generalisations Can Be Useless for Policy pp. 534-563

Luis Mireles-Flores

Does Inflation Targeting Really Promote Economic Growth? pp. 564-584

Najib Khan

Continuity and Change in the International Monetary System: The Dollar Standard and Capital Mobility pp. 585-597

Lilia Costabile

The Origins of Capitalism as a Social System: The Prevalence of an Aleatory Encounter pp. 598-599

Giorgos Galanis

How the World Works: The Story of Human Labor from Prehistory to the Modern Day pp. 599-603

Bill Jefferies

A Tribute to Alain Parguez 1940–2022 pp. 604-611

Riccardo Bellofiore, Louis-Philippe Rochon, Mario Seccareccia, Hassan Bougrine, Massimo Cingolani, Thomas Ferguson, James K. Galbraith, Alicia Girón, Joseph Halevi, Wesley Marshall, Edward Nell, John Smithin, Pavlina Tcherneva and Slim Thabet

Volume 34, issue 2, 2022

Matching Risks with Instruments in Development Banks pp. 197-223

Stephany Griffith-Jones, Shari Spiegel, Jiajun Xu, Marco Carreras and Natalya Naqvi

The Global Development Banks’ Architecture pp. 224-248

José Antonio Ocampo and Victor Ortega

Should National Development Banks be Subject to Basel III? pp. 249-267

Ricardo Gottschalk, Lavinia B. Castro and Jiajun Xu

Can Development Banks Step Up to the Challenge of Sustainable Development? pp. 268-285

Régis Marodon

Scaling Up Public Development Banks’ Transformative Alignment with the 2030 Agenda for Sustainable Development pp. 286-317

Maria Alejandra Riaño, Jihane Boutaybi, Damien Barchiche and Sébastien Treyer

From Global to Local: Subnational Development Banks in the Era of Sustainable Development Goals pp. 318-339

Sergio Gusmão Suchodolski, Adauto Modesto Junior, Cinthia Helena de Oliveira Bechelaine and Leila Maria Bedeschi Costa

Understanding Full Investment and the Potential Role of Public Banks pp. 340-355

Wesley C. Marshall and Louis-Philippe Rochon

A Dynamic Theory of Public Banks (and Why it Matters) pp. 356-371

Thomas Marois

Public Banks, Public Purpose, and Early Actions in the Face of Covid-19 pp. 372-390

Diana V. Barrowclough and Thomas Marois

The Deficit Myth, Modern Monetary Theory and the Birth of the People’s Economy pp. 391-392

David M. Fields

What is Heterodox Economics? Conversations with Leading Economists pp. 392-396

Timothy Koechlin

Volume 34, issue 1, 2022

Housing is NOT ONLY the Business Cycle: A Luxemburg-Kalecki External Market Empirical Investigation for the United States pp. 1-22

José A. Pérez-Montiel and Riccardo Pariboni

From Orchestra Conductor to Principal's Agent: How Internal Financialization of Top Management Has Enabled External Financialization of the Firm pp. 23-44

Laurent Baronian and Matari Pierre

How Different is Heterodox Economists’ Thinking on Teaching? A Contrastive Evaluation of Interview Data pp. 45-68

Andrew Mearman, Sebastian Berger and Danielle Guizzo

Keynes and Smith, Opponents or Allies? Part I: Keynes on Smith pp. 69-92

Rod O’Donnell

Keynes and Marx Reconsidered: The Case of Maurice Dobb pp. 93-106

J. E. King

Does Securitisation Make Monetary Policy Less Effective? pp. 107-123

Jalal Qanas and Hamid Raza

Center–periphery Relationships of Pharmaceutical Value Chains: A Critical Analysis based on Goods and Knowledge Trade Flows pp. 124-145

Cristina Reis and José Paulo Guedes Pinto

The Inflation-Distribution Nexus: A Theoretical and Empirical Approach pp. 146-164

Rafael Ribeiro, Stefan D’Amato and Wallace M. Pereira

Price-Value Deviations and the Labour Theory of Value: Evidence from 42 Countries, 2000–2017 pp. 165-180

Güney Işıkara and Patrick Mokre

Why Minsky Matters: An Introduction to the Work of a Maverick Economist pp. 181-184

Phil Armstrong

The Elgar Companion to John Maynard Keynes pp. 184-187

Jacob Assa

The Selected Letters of John Kenneth Galbraith pp. 187-190

Charles M. A. Clark

The Age of Fragmentation / Gender Challenges pp. 191-194

Marcella Corsi

Geoffrey Colin Harcourt pp. 195-196

Peter Kriesler

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 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 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 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