Tag Archives: financialization

2019/04: Hager and Baines, ‘Jurisdictional Tax Rates: How the Corporate Tax System Fuels Concentration and Inequality’

November 14, 2019

ABSTRACT Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. In this study, we examine a facet of public policy that has been largely neglected in current debates about concentration: corporate tax policy. As part of our analysis we … Read More

No. 2015/03: Bichler and Nitzan, “Capital Accumulation: Fiction and Reality”

June 11, 2015

Working Paper No. 2015/03 Shimshon Bichler and Jonathan Nitzan, “Capital Accumulation: Fiction and Reality” What do economists mean when they talk about ‘capital accumulation’? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the recent ‘financial crisis’. The very term already attests to … Read More

No. 2015/01: Hager, “Public Debt as Corporate Power”

January 6, 2015

Working Paper No. 2015/01 Sandy Brian Hager, “Public Debt as Corporate Power” In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt … Read More