Tag Archives: Political Economy

This paper presents a macroeconomics-friendly Post Keynesian model of the firm describing both an inventory theoretic approach and an entry deterrence approach to choice of excess capacity. The model explains why firms may rationally choose to have excess capacity. It also shows the two approaches are complementary and reinforcing of each other. Analytically, the paper […]

Sunday January 10, 2021. It is now four days since the January 6 mob attack on the US Congress which President Donald Trump incited. In a manner akin to a combat situation, the numbness induced by the overwhelming nature of the event is giving way to shock and anger. What is also becoming clear is […]

This paper critiques the trilemma framing of the political economy of globalization, and offers an alternative framing rooted in the construct of national policy space. Globalization causes changes in policy space which have drop-down implications for national sovereignty and democratic politics. Globalization involves choices regarding the “degree”, “type”, and “dimensions” of international economic integration. Contrary […]

November 3rd, 2019, I delivered remarks on the closing panel of The New School/UMASS Amherst Graduate workshop held in New York City. The panel theme was “Broadening the boundaries of political economy”. I have since graduated and successfully gone through the job market. I hope my remarks from last year can serve as encouragement for fellow female, black, African-American, Latinx, and ethnic minority economic students, as well as all students in the field who have ever felt...

November 3rd, 2019, I delivered remarks on the closing panel of The New School/UMASS Amherst Graduate workshop held in New York City. The panel theme was “Broadening the boundaries of political economy”. I have since graduated and successfully gone through the job market. I hope my remarks from last year can serve as encouragement for fellow female, black, African-American, Latinx, and ethnic minority economic students, as well as all students in the field who have ever felt...

Maradona was more than just an extraordinary footballer. He was also a complicated social icon. That further distinguishes him from other footballers, though Pele also has some of that… and it is great to see young footballers like Marcus Rashford taking up that mantle. He was both rewarded by and terribly exploited by the system. […]

The essential claim of MMT is sovereign currency issuing governments, with flexible exchange rates and without foreign currency debt, are financially unconstrained. This paper analyzes the macroeconomic arguments behind that claim and shows they are suspect. MMT underestimates the economic costs and exaggerate the capabilities of deficit financed fiscal policy. Those analytic shortcomings render it […]

Michael Roberts has been publishing a series of very interesting videos in his YouTube channel. I participated in one of them and gave a talk on ‘The Political Economy of COVID-19″. Below are (a) the links for the video of the talk and (b) the powerpoint of my talk [embedded content] https://www.scribd.com/document/466531494/The-Political-Economy-of-the-Covid-19-Pandemic-Roberts-Video...

Following is an interview for a course conducted by the Chinese Academy of Social Sciences (CASS). It will appear in a chinese publication. The impact of Covid-19 Prof. Yu Haiqing, CASS Interview with Stavros Mavroudeas (Professor of Political Economy, Panteion University, Athens, Greece) It is said that the COVID-19 epidemic is the most prominent systemic risk test in the field of public health that the world has faced since the Second World War, highlighting the contrast between...

Marxist Studies in a Global and Asian Perspective (MSGAP) is a research initiative within the York Centre for Asian Research: https://ycar.apps01.yorku.ca/msgap/ Working Hypotheses for the Political Economy of Modern Epidemics [embedded content] Working Hypotheses for the Political Economy of Modern Epidemics By Stavros Mavroudeas 1. During the last 30 to 40 years, capitalism has become more and more prone to epidemics, in contrast to the prevailing belief that the advances in medicine...