Le profit sans l'accumulation: la recette du capitalisme gouverné par la finance
In a capitalist economy where profits are fully saved and wages fully spent in consumption goods, Kalecki’s law asserts that the rate of profit is equal to the rate of capital accumulation. The divorce between these two variables, as observed during the last twenty years in the US as well as in France, raises in this framework a puzzle. We show that the spectacular augmentation of profit distribution partly provides an account of this, at a theoretical level. We give further indications as to how new corporate governance and the institution of stockholders renewed power have taken part in this phenomena.
Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy
Foreword Part 1: Degree of Monopoly And Distribution of Income 1. Costs and Prices 2. Distribution of National Income Part 2: Determination of Profits and National Income 3. The Determinants of Profits 4. Profits and Investment 5. Determination of National Income and Consumption Part 3: The Rate of Interest 6. The Short-Term Rate of Interest 7. The Long-Term Rate of Interest Part 4: Determination of Investment 8. Entrepreneurial Capital and Investment 9. Determinants of Investment 10. Statistical Illustration Part 5: The Business Cycle 11. The Mechanism of the Business Cycle 12. Statistical Illustration 13. The Business Cycle and Shocks Part 6: Long-Run Economic Development 14. The Process of Economic Development 15. The Development Factors
An Economic Analysis of Obesity in Europe: Health, Medical Care and Absenteeism Costs
Obesity is not only a health but also an economic phenomenon with potentially important direct and indirect economic costs that are unlikely to be fully internalized by the obese. In the US, obesity prevalence is the highest among OECD countries and the issue has long been the focus of policy debate and academic research. However, European obesity rates are rising and there is still a lack of economic analysis of the obesity phenomenon in Europe. This paper attempts to fill in this gap by using longitudinal micro-evidence from the European Community Household Panel to assess the importance of several costs of obesity in nine EU countries. The analysis provides nationally comparable estimates of the costs of obesity in terms of health, use of health care services and absenteeism.