1,721,140 research outputs found
Valorizzazione del capitale umano e tecniche di fidelizzazione: un quadro concettuale di riferimento
No full textSOMMARIO: 1. Il diritto delle risorse umane. – 2. Il profilo partecipativo. – 3. Mobilità aziendale e crescita professionale. – 4. Gli strumenti di incentivazione economica
Elements of Novelty, Known Mechanisms, and the Fundamental Causes of the Recent Crisis
No full textThis article briefly describes the evolution of the recent economic crisis based on different theories toward my own interpretation of it. The deregulation wave of the last decades has created new profit opportunities in various contexts — from labor flexibility to privatization and from financialization to globalization — so promoting a renewed process of capitalist accumulation after the stagflation of the 1970s. This has taken place at the cost of a wide-ranging increase in inequality and instability, thus bringing a cascade of crises, including the latest one of 2008
La crisi, le sue origini e il prossimo futuro
Full text linkWe briefly describe the evolution of the global process of capitalist accumulation during the neoliberal decades, to stress the “real causes” of the current crisis. This analysis leads to the search for a radical alternative to “austerity”, that is the economic policy approach tied to an interpretation of the crisis due to problems of “financial nature”. In our view, the political alternative to the neoliberal management of the crisis should be based on a large extension of education in the context of a “green” and “egalitarian” process of economic development. This requires a significant involvement of the public sector (in collaboration with private capitals) in providing the bases for economic growth, and a political support to an appropriate taxation of wealth (by now highly concentrated in a very small fraction of the population)
La recente crisi internazionale: elementi di novità, meccanismi noti e cause di fondo.
No full textWe firstly provide a brief description of the crisis episodes, from the 2007-8 “liquidity crisis” to the 2008-9 “global recession”. Then, we discuss some possible interpretations of the recent evolution, focussing on diverse aspects of the crisis: from the elements of novelty (financial innovations and new practices of risk management) to known mechanisms (the pro-cyclicality of the credit supply and the role of finance in a monetary production economy) and its fundamental causes which, in our opinion, date back to the deregulation policies implemented in many countries during the last decades, starting from the US and the UK. Those policies have created new profit opportunities in various contexts, so promoting a renewed process of capitalist accumulation. This process has also resulted in a wide-ranging increase of inequality and instability, thus implying a crescendo of crisis episodes (both at the national and the international level) until the more recent one. Accordingly, we think that the current crisis is linked to the underlying movements of capitalist accumulation (from the financialisation of advanced economies to the gradual shift of the “centre” of the world economy towards China and other Asian emerging countries), and to both its functioning as a monetary production economy and its political dimension
The Western World in the Wealth Trap
No full textAfter years of austerity, the economy does not restart, unemployment is rising and government budgets are worsening (even in countries such as Spain with a low public debt-to-GDP ratio before the “financial crisis”). Policy makers have intervened to “save” the capitalist system, even through bank bailouts (thus provoking a consequent increase in public debt). Is this the case for supporting the aggregate demand? There is no money, they say. What we want to highlight is exactly the opposite: there is “too much” money, concentrated in a few hands
Elementi di novità, meccanismi noti e cause di fondo della recente crisi
Full text linkWe firstly provide a brief description of the crisis episodes, from the 2007-8 "liquidity crisis" to the 2008-9 "global recession". Then, we discuss some possible interpretations of the recent evolution, focussing on diverse aspects of the crisis: from the "elements of novelty" (financial innovations and new practices of risk management) to "known mechanisms" (the pro-cyclicality of the credit supply and the role of finance in a monetary production economy) and its "fundamental causes" which, in our opinion, date back to the deregulation policies implemented in many countries during the last decades, starting from the US and the UK. These decisions have created new profit opportunities in various contexts, so promoting a renewed process of capitalist accumulation. This process has taken place at the cost of a wide-ranging increase of inequality and instability, thus implying a "crescendo" of crisis episodes (both at the national and the international level) until the more recent one. Accordingly, we think that the current crisis is linked to the underlying movements of capitalist accumulation (from the financiarization of advanced economies to the gradual shift of the centre of the world economy towards China and other Asian emerging countries), its functioning as a monetary production economy and its political dimension
Econophysics of Systemic Risk and Network Dynamics (New Economic Windows)
No full textEconophysics of Systemic Risk and Network Dynamics (New Economic Windows)
Abergel, Frédéric, Chakrabarti, Bikas K., Chakraborti, Anirban and Ghosh, Asim (eds.)
Springer-Verlag: Berlin, 2012
ISBN 9788847025523 (hb
A Stochastic Model of Wealth Accumulation with Class Division
No full textThis paper is aimed at contributing to the literature on income and wealth inequality by proposing a simple stochastic model in which wealth accumulation depends on the ‘social relation’ between two classes: capitalists or workers. As a result, the society may evolve towards an unequal outcome with few rich and many poor individuals. We study the dynamic properties of the model by means of computer simulations. A maximum likelihood estimation procedure is applied to analyse the Pareto or power law tail of wealth distribution. We also provide a scenario analysis to explore the system’s behaviour under alternative parameter settings
- …
