No. 2014/02: Fix, "Rethinking Profit: How Redistribution Drives Growth"

Working Paper No. 2014/02 Blair Fix, “Rethinking Profit: How Redistribution Drives Growth” Using a combination of heterodox economics and biophysical analysis, this paper investigates the relationship between economic distribution and the growth of material throughput. Empirical results show that the growth of “useful work” correlates with redistribution towards pro fit. Furthermore, increases in energy consumption are correlated Continue Reading

The President and the Tech Giants

In an interesting piece for the Financial Times, Christopher Caldwell assesses Obama’s declaration to ‘go it alone’ in light of the ‘obstructionist Republican agenda’ in the US Congress. In a recent State of the Union address, Obama pledged a year of action, one that would see the president push for major policy reforms with or without congressional support. The passing of Continue Reading

No. 2013/01: Bichler and Nitzan, "Can Capitalists Afford Recovery?"

Working Paper No. 2013/01 Shimshon Bichler and Jonathan Nitzan, “Can Capitalists Afford Recovery? Economic Policy When Capital Is Power” Abstract: Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to Continue Reading