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pro vyhledávání: '"Craig Medlen"'
Autor:
Craig Medlen, Zelin Chen
Publikováno v:
Journal of Economic Issues. 57:241-256
Autor:
Craig Medlen
Publikováno v:
Journal of Economic Issues. 55:837-846
The essay sketches out a plan for nationalizing the fifty largest electrical generators and transmitters that now account for three-quarters of the electrical industry’s revenue, four of the world’...
Publikováno v:
Monthly Review. 36:50
Just a brief note to comment on Craig Medlen's article "Corporate Taxes and the Federal Budget," which appeared in the November issue of MR. Medlen makes a number of interesting points in the context of what I think is a generally correct theory ("st
Autor:
Zelin Chen, Craig Medlen
Publikováno v:
Journal of Post Keynesian Economics. 44:390-410
The recent expansion of leverage among the largest U.S. nonfinancial firms violates Michal Kalecki’s “Principle of Increasing Risk” in the sense that the largest firms are more leveraged than their...
Autor:
Craig Medlen
Publikováno v:
Journal of Economic Issues. 52:227-245
During the Bretton Woods era, the debate surrounding U.S. export sales versus U.S. multinational production focused primarily on the maintenance of pegged exchange rates and labor’s concern over the export of jobs. The collapse of Bretton Woods gav
Autor:
Craig Medlen
Publikováno v:
Journal of Post Keynesian Economics. 40:622-635
In a recent issue of the JPKE, Alan Day Haight characterized Thomas Piketty’s “Paradox of Growth” as “tepid growth” leading to an expansion in the Capital/Income ratio whereby income is redistribut...
Autor:
Craig Medlen
Publikováno v:
The European Journal of the History of Economic Thought. 24:119-142
The paper has two purposes. The first is to explore Thorstein Veblen's contention that the theory of discounted earnings streams is inexorably linked to monopoly power. This contention has contemporary relevance. Modern price theory follows Irving Fi
Autor:
Craig Medlen
Publikováno v:
Journal of Post Keynesian Economics. 40:638-640
Alan Day Haight is incorrect in understanding Piketty’s paradox as a “dynamic version” of Keynes’ paradox of thrift. Keynes’ paradox of thrift deals with equilibrium conditions relating to the flow...
Autor:
Craig Medlen
Publikováno v:
Journal of Post Keynesian Economics. 38:19-37
Over seventy years ago, Michal Kalecki noted that budget deficits would “permit profits to increase above the level determined by private investment and capitalists’ consumption.” Kalecki’s insight into the generation of “free cash” (cash
Autor:
Craig Medlen
Publikováno v:
The European Journal of the History of Economic Thought. 19:785-795
The discussion of J.A. Hobson's understanding of over-saving has been largely confined within John Maynard Keynes' famous critique in the General Theory. I argue that gauging Hobson's contribution by ‘general theory’, that is, by an ahistorical,