1,358,026 research outputs found
The Rise of European Unemployment: A Synopsis
No full textUnemployment in the European Union has risen from a modest 2% in 1970 to 8.3% in 2002, a level not seen since the Great Depression. In this draft introduction for his new book, The Rise of European Unemployment: A Keynesian Approach, economist Engelbert Stockhammer argues that changes in the relationship between the financial sector and the real sector of the economy, a phenomenon he labels “financialization,” is at the root of the slowdown.
Financialization and the Global Economy
No full textIn this chapter from the forthcoming book, The Political Economy of Financial Crises, edited by Gerald Epstein and Martin H. Wolfson, (Oxford University Press, 2012) Engelbert Stockhammer�discusses ‘financialization’, i.e. changes in the role of the financial sector. This will highlight (1) changes in household behavior, in particular with regards to household debt, (2) changes in the behaviour of non-financial businesses, such as shareholder value orientation and increased financial activity and (3) changes in the financial sector, in particular the emergence of the (hardly regulated) shadow banking sector, a shift towards household credit (rather than business credit) and a shift to investment banking/fee generating business. Second, the chapter discusses the international dimension of financialization. Here the liberalization of capital flows and its consequences, the determination of exchange rates by capital flows (rather than by current account disequilibria), will be discussed. International financial liberalization has not fulfilled the neoliberal promise of generating investment-based growth, but rather has given rise to a series of financial crises that were typically driven by a swing of capital inflows (‘capital flow bonanza’) followed by capital flow reversals. Third, the chapter offers an interpretation of the finance-dominated accumulation regime as having given rise to two distinct growth models (based on Stockhammer 2010): a credit-financed consumption-driven growth model (mostly in Anglo-Saxon countries) and a export-driven growth model (in Germany, Japan, and, possibly, China). Both growth models suffer from a structural demand deficiency, which is due to wage suppression, but each try to overcome this by different means (credit-financed consumption or export orientation). The chapter thus highlights how financialization with its domestic and international effects have interacted with a polarization of income distribution to generate the structural imbalances that led to the crisis 2007-09.
[Goethe's Faust] / Engelbert Seibertz erf. u. gez. Adrian Schleich gest.
No full text[GOETHE'S FAUST] / ENGELBERT SEIBERTZ ERF. U. GEZ. ADRIAN SCHLEICH GEST.
[Goethe's Faust] / Engelbert Seibertz erf. u. gez. Adrian Schleich gest. (1)
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Hänsel und Gretel. English
No full textRecorded during a live performance at Shaw Theatre, Western Michigan University, Kalamazoo, Michigan, December 9, 1973, presented by the Department of Music.Mary Sue Hyatt (Hansel) ; Susan Short (Gretel) ; Judy Gray (Mother) ; Michael Doll (Father) ; Debbie Smeltzer (Sandman) ; Cheryl Stewart (Witch) ; Darcy Rohrbeck (Dew Fairy Queen) ; children's chorus of local school children (Gingerbread children) ; William Appel, musical and general director ; University Symphony Orchestra, prepared by Herbert Butler.Libretto based on the Grimm’s version of the classic fairy tale. By Engelbert Humperdinck ; text by Adelheide Wette ; English version based on Constance Bache translation.Information from performance program.Reel 1: Hansel and Gretel, Part 1 / Engelbert HumperdinckReel 2: Hansel and Gretel, Part 2 / Engelbert HumperdinckReel 3: Hansel and Gretel, Part 3 / Engelbert Humperdinc
Peripheral Europe’s Debt and German Wages. The Role of Wage Policy in the Euro Area
No full textThe paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital inflows) has to add up to zero. By implication in a country that has a current account deficit either the private sector or the public sector has to run a deficit. Therefore the peripheral countries can only solve their public debt problems if there is a change in German current account surpluses. The paper explores the implications of this for wage policy in the euro zone.
Engelbert Kaempfer vor 300 Jahren gestorben
No full textEngelbert Kaempfer vor den Ruinen von Persepolis, stehend, zeichnend (StaL N1_2016, aus: Amoenitates exoticae, Lemgo 1712., S. 325 ) Am 2. November 1716 starb der Lemgoer Arzt und Asienforscher Engelbert Kaempfer in Lemgo (Lieme), also in diesem Jahr vor 300 Jahren. Einführende Informationen zu Kaempfer finden sich u. a. in der Wikipedia, auf den Seiten des gleichnamigen Gymnasiums in Lemgo, der Internetseite der Alten Hansestadt Lemgo und auf den Seiten der Engelbert-Kaempfer-Gesellschaft. N..
Engelbert Kaempfer vor 300 Jahren gestorben
No full textEngelbert Kaempfer vor den Ruinen von Persepolis, stehend, zeichnend (StaL N1_2016, aus: Amoenitates exoticae, Lemgo 1712., S. 325 ) Am 2. November 1716 starb der Lemgoer Arzt und Asienforscher Engelbert Kaempfer in Lemgo (Lieme), also in diesem Jahr vor 300 Jahren. Einführende Informationen zu Kaempfer finden sich u. a. in der Wikipedia, auf den Seiten des gleichnamigen Gymnasiums in Lemgo, der Internetseite der Alten Hansestadt Lemgo und auf den Seiten der Engelbert-Kaempfer-Gesellschaft. N..
Mus Hs 2070 - Allegro : I. Satz für Streichinstrumente ; für die Concurrenz der Mozartstiftung in Frankfurt a/M. eingeliefert 1876
No full text[Engelbert Humperdinck]Hs., nicht von der Hand des Komp
A csoda
No full textKarl Vollmöller und Max Reinhardt ; music von Engelbert Humperdinckhbk[1912], cop. 191
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