Tony Aspromourgos on Piketty, future of capitalism, growth & theory of distribution

By Tony Aspromourgos

From the abstract:

This essay reviews Thomas Piketty’s Capital in the Twenty-First Century (2014). The focus is upon the conceptual framework and theoretical interpretation of the empirical findings assembled in the book, rather than those empirical findings themselves (which are, in any case, broadly incontestable). The core theoretical logic of the distributional dynamics is explained and subjected to scrutiny with respect to the theory of distribution in particular, but also the theory of growth. 

Read rest here. For other posts on Piketty, see here, here, here, here, here, and here.

Classical Theory and Policy Analysis

A new research area [R] ‘Classical Theory and Policy Analysis’ (coordinators: Enrico Sergio Levrero and Franklin Serrano) is now part of the European Association for Evolutionary Political Economy (EAEPE, see here). In collaboration with the “Centro di Ricerche e Documentazione Piero Sraffa” it will promote activities to reconstruct economic theory and policy analysis along the lines of the classical or surplus approach. In particular, it will promote research on the determinants of distribution and capital accumulation, economic policy proposals alternative to those advanced on the basis of the dominant neoclassical theories, and studies on the method of analysis adopted within the classical theory and its relation with Institutionalism. It will also participate to the organisation of the Eaepe Summer School held at Roma Tre University and to the Summer School of Heterodox Economics held at Poznan University of Economics (partners: Review of Keynesian Economics and Forum for Social Economics).

On the occasion of the 26th EAEPE Conference to be held in Nicosia (Cyprus), 6-8 november 2014 on the theme “Unemployment and Austerity in Mediterranean European Countries” the research area [R] will organise a special session on ‘Demand led growth and fiscal policies’. For papers on this theme or subjects relating to the research area [R], the submission deadline is 30 May 2014. For any further information, please contact the coordinators or see the conference website.