scholarly journals The Positive Economics of Labor Market Rigidities and Investor Protection

2001 ◽  
Author(s):  
Rainer Fehn ◽  
Carsten-Patrick Meier
Kyklos ◽  
2001 ◽  
Vol 54 (4) ◽  
pp. 557-590 ◽  
Author(s):  
Rainer Fehn ◽  
Carsten-Patrick Meier

2021 ◽  
pp. 048661342110272
Author(s):  
Juan Pablo Mateo

This paper addresses Marx’s theory of crisis in order to analyze the Great Recession in Spain, a peripheral economy within the Eurozone. It demonstrates that underlying the problem of the “housing bubble” is an incapacity to generate surplus value, which in turn explains certain particularities related to capital composition, productivity, wages, and finance. The article further carries out a critique of both orthodox and heterodox approaches that focus on (1) profit squeeze caused by labor market rigidities, (2) underconsumption due to stagnant wages, and (3) finances, interest rates, and indebtedness JEL classification: B14, E11, E20, E43, J30


Author(s):  
Camilo Mondragon-Velez ◽  
Ximena Pena ◽  
Daniel Santiago Wills

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