Search Results - "Sawyer, Malcolm"

Monopoly capitalism in the past four decades by Sawyer, Malcolm

“…Abstract Monopoly capitalism can be seen as ‘actually existing neo-liberalism’, and the ‘worship of markets’ from doctrines of neo-liberalism operates to…”
Get full text

Secular stagnation and monopoly capitalism by Sawyer, Malcolm

“…The paper opens with a brief review of economic growth in industrialized economies over the past four decades, indicating a general slow-down in growth. This…”
Get full text

Financialisation, industrial strategy and the challenges of climate change and environmental degradation by Sawyer, Malcolm

“…The paper discusses the nature of the present era of financialisation, outlining the changes in the financial sector and its relations with the real sector…”
Get full text

Economic Policies and the Coronavirus Crisis in the UK by Sawyer, Malcolm

“…The focus of this article is the economic policies pursued in the UK in response to the coronavirus pandemic in the first twelve months of that crisis…”
Get full text

'Independence' of Central Banks and the Political Economy of Monetary Policy by Qanas, Jalal, Sawyer, Malcolm

“…The notion of an 'independent' central bank has dominated monetary policy debates for the past three decades. The arguments for the political independence of…”
Get full text

Kalecki on Budget Deficits and the Possibilities for Full Employment by Sawyer, Malcolm

“…This paper revisits the writings of Michal Kalecki which relate to issues of fiscal policy, budget deficits and securing full employment in capitalist…”
Get full text

Beyond social democracy and neo-liberalism: Towards a social economy by Sawyer, Malcolm

“…The paper brings together a range of ideas on the construction and nature of what may be termed a post neo-liberal social economy. The social democratic era of…”
Get full text

SIX SIMPLE PROPOSITIONS ON BUDGET DEFICITS, PUBLIC DEBT AND MONEY by Malcolm Sawyer

“…The paper sets out and elaborates on six propositions on budget deficits, public debt and money which should inform debates on fiscal policy. The propositions…”
Get full text

Julio López Gallardo: Some Personal Recollections by Sawyer, Malcolm

Get full text

A Comprehensive Comparison of Fiscal and Monetary Policies: A Comparative Dynamics Approach by Sawyer, Malcolm, Veronese Passarella, Marco

“…•Conventional spending outclasses a job guarantee plan in terms of GDP growth•Conventional spending is likely to be less inflationary than a job guarantee…”
Get full text

The tragedy of UK fiscal policy in the aftermath of the financial crisis by Sawyer, Malcolm

“…The evolving response of the UK fiscal authorities to the financial crisis and recession are briefly outlined with a focus on the fiscal austerity programme…”
Get full text

Confronting inequality: review article on Thomas Piketty on 'Capital in the 2st Century' by Sawyer, Malcolm

“…This review article on Thomas Piketty's 'Capital in the twenty-first century' opens with a discussion of the trends in income and wealth inequality reported by…”
Get full text

The Monetary Circuit in the Age of Financialisation: A Stock‐Flow Consistent Model with A Twofold Banking Sector by Sawyer, Malcolm, Veronese Passarella, Marco

“…The paper explores how the Theory of Monetary Circuit can be developed to reflect some important features of the evolution of the financial system in the past…”
Get full text

The nature and role of monetary policy when money is endogenous by Arestis, Philip, Sawyer, Malcolm

“…This paper considers the nature and role of monetary policy when money is modelled as credit money endogenously created within the private sector. There are…”
Get full text

A critical reconsideration of the foundations of monetary policy in the new consensus macroeconomics framework by Arestis, Philip, Sawyer, Malcolm

“…Monetary policy has become firmly based on the use of interest rate as the key policy instrument, and in a one instrument–one target framework. The approach to…”
Get full text

The return of fiscal policy by Arestis, Philip, Sawyer, Malcolm

“…This paper examines the implications of the experience with the financial crisis of August 2007 for fiscal policy and the use made of it. We briefly sketch the…”
Get full text

The 'new economics' and policies for financial stability by Arestis, Philip, Sawyer, Malcolm

“…The purpose of this paper is to consider the policy implications of the 'new economics'. The focus will be on financial stability as an objective of policy…”
Get full text

THE KALECKIAN ANALYSIS OF DEMAND-LED GROWTH by Sawyer, Malcolm

“…ABSTRACT A Kaleckian model is outlined to explore how far such a model can be said to provide a demand‐led view of growth. The first issue examined is whether…”
Get full text

Aggregate demand, conflict and capacity in the inflationary process by Arestis, Philip, Sawyer, Malcolm

“…This paper focuses on an alternative perspective on inflation to that of the non-accelerating inflation rate of unemployment (NAIRU). It indicates that there…”
Get full text

THE RELATIONSHIP BETWEEN CAPITAL STOCK, UNEMPLOYMENT AND WAGES IN NINE EMU COUNTRIES by Arestis, Philip, Baddeley, Michelle, Sawyer, Malcolm

“…ABSTRACT The focus of this paper is to investigate the importance of the capital stock in the determination of wages and unemployment in a range of EMU…”
Get full text