Saturday, May 18, 2019

Exchange rates and income distribution in a surplus approach perspective

Old paper, presented two years ago in México, and to be published soon by the university press there. In Spanish. For those interested. The model is the same (with minor changes) one used to discuss inflation, in an old paper, eventually published here in a book on Post Keynesian economics edited by Forstater and Wray. Link here.

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Catching up and falling behind in historical perspective

The figure below, from a recent piece in the Wall Street Journal , shows the catching up of the South. Note that most occurs after the New ...