financial economy
In the last four decades, we have experienced secular stagnation, priva[1]tisations, cuts in public investments and employment, and a rise in financialisation, financial profits, market concentration, profit share in Gross Domestic Product (GDP), unemployment, and inequality at the global level. This neoliberal era is marked by the inflation in stock markets fuelled by excess inflows through private pension funds and health insurances, advertisements, brand value, innovation, college education, and white-collar jobs. These should all be...
read more "Financialisation, Wage Inequality and Market Concentration"
read more "Financialisation, Wage Inequality and Market Concentration"
The Financial Transaction Tax (FTT): From Keynes to the current COVID‑19 crisis
The decline of the ‘glorious 30 years’ of Keynesian policies in the post-Second World War period, the fall of the Bretton Woods system and the currency crises in Russia and Asian countries have led to a debate surrounding the possibility of taxing transactions on the foreign exchange market. The most influential voice to suggest such a tax was James Tobin, a US economist of the Keynesian school and winner of the ...
read more "The impact of a Financial Transaction Tax (FTT) on economic recovery and financial stability"
read more "The impact of a Financial Transaction Tax (FTT) on economic recovery and financial stability"