Tag Archives: Blecker

[embedded content] Panel at the Eastern Economic Association Meeting with Robert Blecker, Orsola Costantini, Esteban Pérez Caldentey and Mark Weisbrot. The mini symposium organized by Orsola I discuss in the beginning is here, and the papers by Cornell West and Nancy Fraser are here and here, respectively.

New paper available here. From the abstract: Several recent critiques have questioned the theoretical logic of standard models of balance-of-payments-constrained growth (BPCG) and the empirical support for ‘Thirlwall’s Law’. On the empirical side, critics charge that most econometric estimates of this model have effectively only tested whether exports and imports grow at similar rates in the long-run. On the theoretical side, the criticisms have focused on the role of foreign income...