For more than two decades, Australia's private rental sector (PRS) has seen rapid growth, as
latterly replicated in most other anglophone nations. Commentary and scholarly attention …

One remarkable aspect of modern heterodox theory is the detachment between demand‐led
growth models and endogenous money theories. This paper suggests a possible integration …

The debate on low real long-term interest rates is dominated by the loanable funds theory
(LFT).'Excess saving'above all due to demographic factors, is regarded as a main cause of …

Economists have rightly been criticized for not having foreseen the crisis that exploded in
2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest …

Keynesian economics is not dead. Instead, it is in a similar condition to Sleeping Beauty
after she pricked her finger on the spindle. A large hedge of thorns has been laid over the …

• Initial finance is also the realm of the monetary circuit. In the paper I focus on Graziani (the
referees insisted I did not know enough of the MC literature: on the one hand, the little I read …

For a private-sector firm, success can mean only one thing: that the firm has turned a profit.
No such firm can hope to succeed, or even to survive, merely by declaring that it has been …

The aim of this document is twofold: first, to provide a critical survey of the European Central
Bank (ECB hereafter) official documents concerning the process of financial integration in …

Un aspecto notable de la teoría heterodoxa moderna es la separación entre los modelos de
crecimiento basados en la demanda y las teorías del dinero endógeno. Este artículo sugiere …

The current debate as to whether zero interest rates are caused by a saving glut or a liquidity
glut is resolved with the distinction between the market rate and the “natural”, or better …