21St CENTURY ( ) 2 18
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Recurrence of Long Cycles: Theories, Stylized Facts and Figures
Munich Personal RePEc Archive The Recurrence of Long Cycles: Theories, Stylized Facts and Figures Tsoulfidis, Lefteris and Papageorgiou, Aris University of Macedonia, University of Macedonia 10 June 2017 Online at https://mpra.ub.uni-muenchen.de/82853/ MPRA Paper No. 82853, posted 23 Nov 2017 06:39 UTC The Recurrence of Long Cycles: Theories, Stylized Facts and Figures Lefteris Tsoulfidis* and Aris Papageorgiou* Corresponding Author Professor Lefteris Tsoulfidis Department of Economics, University of Macedonia, Thessaloniki Greece Tel.: 30 2310 891788 Email: [email protected] ABSTRACT Basic innovations and their diffusion, the expansion or contraction of the level of economic activity and the volume of international trade, rising sovereign debts and their defaults, conflicts and the outbreak of wars, are some of the major phenomena appearing during the downswing or upswing phases of long cycles. In this article, we examine the extent to which these phenomena constitute stylized facts of the different phases of long cycles which recur quite regularly in the turbulent economic history of capitalism. The main argument of this paper is that the evolution of long cycles is a result of the long-run movement of profitability. During the downswing of a long cycle, falling profitability induces innovation investment and the associated with it 'creative destruction' of the capital stock that eventually set the stage for the upswing phase of a new long cycle. JEL classifications: B14, B24, E11, E32 Key Words: Long Cycles, Innovations, Profit rate * Department of Economics University of Macedonia. Versions of the paper were presented at the 5th Conference of Evolutionary Economics, Volos-Greece May 2017 and the 19th conference of the Greek Historians of Economic Thought, Thessaloniki, Greece June 2017. -
“RUSSIAN ECONOMICS” OR ECONOMICS in RUSSIA: WHAT WAS BUILT on the RUINS of the SOVIET UNION? (First Draft)
Vsevolod Ostapenko* “RUSSIAN ECONOMICS” OR ECONOMICS IN RUSSIA: WHAT WAS BUILT ON THE RUINS OF THE SOVIET UNION? (first draft) Abstract To be added… JEL: A11, A14, B29 * St. Petersburg State University, Faculty of Economics, associate professor, [email protected] 1. Introduction. Dismantling of the Soviet political system and transition to the market economy in Russia were inevitably accompanied by fundamental changes in spheres of science and education. The long- lasting existence of two key branches in the field of economic thought, namely political economy of capitalism and political economy of socialism, broke off. Russian economists started to rethink their research strategies and paradigms within which they had been operating. This process has not been completed yet. Economics profession in the country remains in the situation of blurring scientific standards and substantial fragmentation of the research area. As it is stated by Joachim Zweynert, sphere of economic science in Russia has evolved into something so heterogenous and manifold that one should even use term “economics” with caution. We will thus exploit different paraphrases like “Russian economic thought”. The initial problem arising is whether it’s reasonable to describe economics in national context. Of course, the history of economic thought is rich in examples of using national signs in defining various scientific schools: for example, British political economy or German historical school. More often the title of the school contains also the name of the university (research center), which gave work to its most prominent representatives (like Chicago or Stockholm schools). In 2015 a great volume on national and geographical features of economic science was published under the editorship of Vincent Barnett (Barnett, 2015). -
Issn 2318-2377
ISSN 2318-2377 TEXTO PARA DISCUSSÃO N 610 UNEVEN AND COMBINED DEVELOPMENT AS A METHODOLOGICAL TOOL: a dynamic approach after a dialogue between Kondratiev and Trotsky Eduardo da Motta e Albuquerque Setembro de 2019 Universidade Federal de Minas Gerais Textos para Discussão Jaime Arturo Ramírez (Reitor) A série de Textos para Discussão divulga resultados Sandra Regina Goulart Almeida (Vice-reitora) preliminares de estudos desenvolvidos no âmbito Faculdade de Ciências Econômicas do Cedeplar, com o objetivo de compartilhar ideias e obter comentários e críticas da comunidade Hugo Eduardo Araujo da Gama Cerqueira (Diretor) científica antes de seu envio para publicação final. Kely César Martins de Paiva (Vice-Diretora) Os Textos para Discussão do Cedeplar começaram a ser publicados em 1974 e têm se destacado pela Centro de Desenvolvimento e Planejamento diversidade de temas e áreas de pesquisa. Regional (Cedeplar) Ficha catalográfica Frederico Gonzaga Jayme Jr (Diretor) A345u Albuquerque, Eduardo da Motta e. Gustavo de Britto Rocha (Vice-Diretor) 2019 Uneven and combined development as a methodological tool: a dynamic approach after Laura Rodríguez Wong (Coordenadora do a dialogue between Kondratiev and Trotsky/ Eduardo da Motta e Albuquerque. - Belo Programa de Pós-graduação em Demografia) Horizonte: UFMG / CEDEPLAR, 2019. Gilberto de Assis L.ibânio (Coordenador do 26 p. - (Texto para discussão, 610) Programa de Pós-graduação em Economia) Inclui bibliografia (p. 22 - 26) ISSN 2318-2377 Adriana de Miranda-Ribeiro (Chefe do Departamento de Demografia) 1. Capitalismo. 2. Efeito de inovações tecnológicas. I. Universidade Federal de Minas Gerais. Centro de Desenvolvimento e Bernardo Palhares Campolina Diniz (Chefe do Planejamento Regional. II. Título. -
The Use of Analogies in Economic Modelling: Vladimir Bazarov's
The use of analogies in economic modelling: Vladimir Bazarov’s restauration process model Authors: Elizaveta Burina, Annie L. Cot Univeristy of Paris 1 – Panthéon-Sorbonne 2018-2019 Table of contents Acknowledgements ......................................................................................................................... 3 Preface ............................................................................................................................................. 4 Section 1. The framework that determined Bazarov’s work ........................................................... 8 1.1. Russian economic science in 1920s ...................................................................................... 8 1.2. Intellectual biography ........................................................................................................... 9 1.2.1. Before the October Revolution of 1917 ......................................................................... 9 1.2.2. After the October Revolution of 1917.......................................................................... 12 1.3. Bazarov’s work in Gosplan ................................................................................................. 15 1.3.1. Early years’ work ......................................................................................................... 15 1.3.2. Money emission theory ................................................................................................ 16 1.3.3. Planification theory ..................................................................................................... -
Dissertation Final Aug 31 Formatted
Identity Gerrymandering: How the Armenian State Constructs and Controls “Its” Diaspora by Kristin Talinn Rebecca Cavoukian A thesis submitted in conformity with the requirements for the degree of Doctor of Philosophy Department of Political Science University of Toronto © Copyright by Kristin Cavoukian 2016 Identity Gerrymandering: How the Armenian State Constructs and Controls “Its” Diaspora Kristin Talinn Rebecca Cavoukian Doctor of Philosophy Department of Political Science University of Toronto 2016 Abstract This dissertation examines the Republic of Armenia (RA) and its elites’ attempts to reframe state-diaspora relations in ways that served state interests. After 17 years of relatively rocky relations, in 2008, a new Ministry of Diaspora was created that offered little in the way of policy output. Instead, it engaged in “identity gerrymandering,” broadening the category of diaspora from its accepted reference to post-1915 genocide refugees and their descendants, to include Armenians living throughout the post-Soviet region who had never identified as such. This diluted the pool of critical, oppositional diasporans with culturally closer and more compliant emigrants. The new ministry also favoured geographically based, hierarchical diaspora organizations, and “quiet” strategies of dissent. Since these were ultimately attempts to define membership in the nation, and informal, affective ties to the state, the Ministry of Diaspora acted as a “discursive power ministry,” with boundary-defining and maintenance functions reminiscent of the physical border policing functions of traditional power ministries. These efforts were directed at three different “diasporas:” the Armenians of Russia, whom RA elites wished to mold into the new “model” diaspora, the Armenians of Georgia, whose indigeneity claims they sought to discourage, and the “established” western diaspora, whose contentious public ii critique they sought to disarm. -
Armenia Hostage Crisis Continues
JULY 23, 2016 Mirror-SpeTHE ARMENIAN ctator Volume LXXXVII, NO. 1, Issue 4445 $ 2.00 NEWS The First English Language Armenian Weekly in the United States Since 1932 INBRIEF French Senate to Armenia Hostage Crisis Continues Discuss Armenian Genocide YEREVAN (Combined Sources) — Pro- opposition gunmen are holding four police PARIS (PanARMENIAN.Net) — The French officers hostage, officials said Tuesday, July Senate will discuss the bill to outlaw the denial of 19, two days after they seized a police the Armenian Genocide in September, Armenia’s building, killing one officer and taking sev- public TV reports. eral hostages. The French National Assembly on July 1 voted The gunmen seized the police station on unanimously to penalize denial or trivialization of Sunday, before demanding Armenians take all crimes against humanity, including the to the streets to secure the release of jailed Armenian Genocide. opposition politicians. The amendment of a previous law, adopted in the first reading, criminalizes denial with one year (PHOTOLUR PHOTO) imprisonment and a 45,000 euro fine. The crimes included in the text are genocides, “other crimes against humanity,” “the crime of enslavement and exploitation of an enslaved per- son” and “war crimes.” City of Ani on UNESCO Demonstrators in Yerevan (Russia Times Photo) World Heritage List PARIS (PanARMENIAN.Net) — The United Nations Educational, Scientific and Cultural situation without bloodshed,” far refused to surrender. Organization (UNESCO) cultural agency on Jirair Sefilian, second from left, as he was arrested in June Armenia’s first deputy police The hostages include Armenia’s Deputy Friday, July 15 added a ruined Armenian city inside chief Hunan Pogosyan told AFP. -
Coversheet for Thesis in Sussex Research Online
A University of Sussex DPhil thesis Available online via Sussex Research Online: http://sro.sussex.ac.uk/ This thesis is protected by copyright which belongs to the author. This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the Author The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the Author When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given Please visit Sussex Research Online for more information and further details Explaining the paradox of market reform in communist China: the uneven and combined development of the Chinese Revolution and the search for ‘national salvation’ Luke Cooper University of Sussex July 2013 Thesis submitted for the fulfilment of the degree of Doctor of Philosophy in International Relations at the University of Sussex. 2 Abstract This thesis addresses the paradox of capitalist market reform being introduced by a politically undefeated communist state in China. It does so by developing an historical account of the Chinese polity’s relationship with the modern world. Chapter one offers a critique of existing explanations; these tend to focus narrowly on the immediate circumstances surrounding the decision to reform and thereby eschew analysis of the specific dynamics of the Chinese Revolution. In so doing, they also ignore its origins within the welter of contradictions arising from the process of capitalist internationalization, giving no causal efficacy to ‘the international’ in explaining this dramatic social transformation. -
Econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Syrquin, Moshé Working Paper Simon Kuznets and Russia: An uneasy relation CHOPE Working Paper, No. 2021-13 Provided in Cooperation with: Center for the History of Political Economy at Duke University Suggested Citation: Syrquin, Moshé (2021) : Simon Kuznets and Russia: An uneasy relation, CHOPE Working Paper, No. 2021-13, Duke University, Center for the History of Political Economy (CHOPE), Durham, NC This Version is available at: http://hdl.handle.net/10419/234953 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Simon Kuznets and Russia: An Uneasy Relation Moshe Syrquin CHOPE Working Paper No. 2021-13 June 2021 Simon Kuznets and Russia: An Uneasy Relation Moshe Syrquin [email protected] June 2021 Abstract: Simon Kuznets was born and educated in Russia and the Soviet Ukraine. -
Value Is Dead, Long Live Value
Value is Dead, Long Live Value Chris Meredith Value investing is a bedrock principle for quantitative and fundamental equity managers, as there O'Shaughnessy Asset is long-term efficacy to buying cheap stocks over expensive growth stocks. While Value investing Management remains attractive over the entire history of available data, it has been under extraordinary pressure since the beginning of 2007. As of June 30, 2019, the Russell 1000 Value has underperformed the Russell 1000 Growth by a cumulative -136%, for an annualized return gap of -4.3% over twelve and a half years. Since the middle of 2017 alone, Value has trailed an additional -21%. This recent underperformance has left the investment community on its heels, as Value managers struggle to explain why their style has been out of favor for so long, and allocators question overweight positions in Value. The severity and length of Value’s underperformance will entice some to capitulation. This may take the form of terminating a manager with a sound investment process, and proven track record, or adjustments to strategic allocations because “Value is dead.” We believe that the key principle to investment success is maintaining one’s discipline in periods when performance works against you. Discipline is fostered from a conviction in the investment process. And conviction is born out of extensive research. This research piece attempts to answer the questions about Value’s underperformance by setting this most recent period within a larger historical context, providing some explanations for why we are in a Growth Regime, and try to set expectations for, if, and when, Value investing will return to favor. -
Political Economy, Capitalism and the Rule of Law
Cleveland State University EngagedScholarship@CSU Law Faculty Articles and Essays Faculty Scholarship 1-15-2016 Political Economy, Capitalism and the Rule of Law David R. Barnhizer Cleveland State University, [email protected] Daniel D. Barnhizer Michigan State University College of Law Follow this and additional works at: https://engagedscholarship.csuohio.edu/fac_articles Part of the Law Commons How does access to this work benefit ou?y Let us know! Repository Citation Barnhizer, David R. and Barnhizer, Daniel D., "Political Economy, Capitalism and the Rule of Law" (2016). Law Faculty Articles and Essays. 821. https://engagedscholarship.csuohio.edu/fac_articles/821 This Article is brought to you for free and open access by the Faculty Scholarship at EngagedScholarship@CSU. It has been accepted for inclusion in Law Faculty Articles and Essays by an authorized administrator of EngagedScholarship@CSU. For more information, please contact [email protected]. CLEVELAND-MARSHALL COLLEGE OF LAW Research Paper 16-292 January 2016 Political Economy, Capitalism and the Rule of Law by David Barnhizer Professor Emeritus of Law, Cleveland-Marshall College of Law and Daniel Barnhizer Professor of Law, Michigan State University College of Law Working Paper This paper can be downloaded without charge from the Social Science Research Network electronic library: http://ssrn.com/abstract=2716372 Political Economy, Capitalism and the Rule of Law David Barnhizer and Daniel Barnhizer Contents Political Economy and the Rule of Law The -
Marco Paulo Vianna Franco Leonardo Costa Ribeiro Eduardo Da Motta E Albuquerque
ISSN 2318-2377 TEXTO PARA DISCUSSÃO N 621 JEAN-BAPTISTE FOURIER AT THE MOSCOW CONJUNCTURE INSTITUTE: HARMONIC ANALYSIS OF BUSINESS CYCLES Marco Paulo Vianna Franco Leonardo Costa Ribeiro Eduardo da Motta e Albuquerque Abril de 2020 Universidade Federal de Minas Gerais Textos para Discussão Sandra Regina Goulart Almeida (Reitora) A série de Textos para Discussão divulga resultados Alessandro Fernandes Moreira (Vice-Reitor) preliminares de estudos desenvolvidos no âmbito do Cedeplar, com o objetivo de compartilhar ideias Faculdade de Ciências Econômicas e obter comentários e críticas da comunidade Hugo Eduardo Araujo da Gama Cerqueira (Diretor) científica antes de seu envio para publicação final. Kely César Martins de Paiva (Vice-Diretora) Os Textos para Discussão do Cedeplar começaram a ser publicados em 1974 e têm se destacado pela Centro de Desenvolvimento e Planejamento diversidade de temas e áreas de pesquisa. Regional (Cedeplar) Ficha catalográfica F825j Franco, Marco Paulo Vianna. Frederico Gonzaga Jayme Jr (Diretor) 2020 Jean-Baptiste Fourier at the Moscow Gustavo de Britto Rocha (Vice-Diretor) Conjuncture Institute: Harmonic Analysis of Business Cycles / Marco Paulo Vianna Franco; Leonardo Costa Ribeiro; Eduardo da Laura Rodríguez Wong (Coordenadora do Motta e Albuquerque. - Belo Horizonte: Programa de Pós-graduação em Demografia) UFMG / CEDEPLAR, 2020. 31 p. : il. - (Texto para discussão, 621) Gilberto de Assis L.ibânio (Coordenador do Inclui bibliografia. Programa de Pós-graduação em Economia) ISSN 2318-2377 1. Ciclos econômicos. 2. Análise Adriana de Miranda-Ribeiro (Chefe do harmônica. 3. Análise espectral. I. Ribeiro, Departamento de Demografia) Leonardo Costa. II. Albuquerque, Eduardo da Motta e. III. Universidade Federal de Bernardo Palhares Campolina Diniz (Chefe do Minas Gerais. -
Kondratiev and a New Methodological Agenda for Economics Natalia A
Russian Journal of Economics 7 (2021) 50–66 DOI 10.32609/j.ruje.7.56826 Publication date: 31 March 2021 www.rujec.org Kondratiev and a new methodological agenda for economics Natalia A. Makasheva* HSE University, Moscow, Russia Abstract This article addresses Kondratiev’s approach to the problems of economic dynam- ics, cycle and conjuncture in the context of a new methodological agenda which was formulated in the 1920’s in Europe and the USA by representatives of the “brilliant generation of economists,” mostly members of the econometric movement and its ad- herents among Russian economists. A distinguishing feature of this generation was that its representatives were striving to make economics an objective science penetrated by rigorous ways of thinking and based on a unification between the theoretical quantitative and the empirical quantitative approaches to the study of economic phenomena. This paper discusses Kondratiev’s project on the general theory of economic dynamics as an embodiment of that methodological agenda. It also highlights a free exchange of ideas between Kondratiev and economists from different countries as a breeding ground for the emergence of the project and a necessary condition for its implementation. Keywords: Kondratiev, economic methodology, economic dynamics, statistical approach. JEL classification: B1, B2, B3, B4. 1. Introduction Nikolai Dmitrievich Kondratiev (1892–1938), Russia’s most internationally renowned economist, who gained worldwide recognition mainly for his idea of large cycles (major cycles, long waves) in economic development, belonged to the generation whom he described regretfully thus: “The heavy chariot of history has passed our generation by” (Kondratiev, 1998, vol. 4, p.