Research At SCEPA
A Vertical Social Accounting Matrix of the U.S. Economy
WORKING PAPER | This paper offers an adaptation of the square social accounting matrix used in economic planning to the rectangular vertical transaction matrix used in post-Keynesian monetary economics.
Dynamics of Output and Employment in the U.S. Economy
WORKING PAPER | This paper investigates the relationship between employment and real output in the U.S. economy from 1948 to 2010 at the aggregate level and at major industry-grouping level.
The Political Economy of Economic Output and Employment
WORKING PAPER | Service industries for which value added is imputed from incomes, are included in Gross Domestic Product, potentially distorting measures of recession and recovery.
Institutions, Aggregate Demand and Cross-Country Employment
WORKING PAPER | The central claim of this paper is that a still richer account requires embedding the Keynesian account in a comparative political economy framework.
Re-specifying the Keynesian Income-Expenditure Model
WORKING PAPER | The paper provides a modification of the standard textbook income – expenditure model that better accounts for the effect of imports.
New Social Science Imperialism and Knowledge in Contemporary Economics
WORKING PAPER | The author argues that mainstream economics largely abandoned this theorem almost twenty years ago and has subsequently moved through two new methodological phases.
State-Market Relations for a Globalized Economy
POLICY NOTE | This paper explores the relationship between government and society in an era of deindustrialization, globalization and rapid innovation.