Hagen M. Krämer

Productivity growth in the history of economic analysis

Hagen M. Krämer, Heinz D. Kurz

This chapter traces the evolution of the concept of productivity and its growth in the history of economic analysis, from the Industrial Revolution to contemporary debates on automation and artificial intelligence. It shows how economists have interpreted productivity not merely as a …

On the Impact of Government Debt on Income Distribution in a Post‐Keynesian Framework With Workers' Saving

Hagen M. Krämer, Christian R. Proaño, Sven Schnellbacher

ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of …

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Securing Full Employment in a Globalised World Economy: Exploring Kalecki’s and Keynes’s Views

Eckhard Hein, Hagen M. Krämer

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Kurt W. Rothschild: An Innovative Eclectic Post-Keynesian Economist

Hagen M. Krämer

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Industriepolitik in Norddeutschland. Strategien im Rahmen der sozial-ökologischen Transformation

Arno Brandt, Hagen M. Krämer, Ulrich Scheele

Norddeutschland hat große Chancen, im Zuge der sozial-ökologischen Transformation seinen Kapitalstock zu modernisieren und die industrielle Basis neu auszurichten. Dafür braucht es einen tiefgreifenden Umbau des Energiesystems, vor allem durch den Ausbau erneuerbarer Energien und die Dekarbonisierung industrieller Prozesse. Neue Wertschöpfung entsteht …

Sozialpartnerschaft und Mitarbeiterwissen im Dekarbonisierungsprozess von Industrieunternehmen

Elena Ernst, Hagen M. Krämer

Die Dekarbonisierung der deutschen Industrie erfordert zahlreiche transformative Maßnahmen, die weitreichende Auswirkungen auf die Arbeitswelt haben werden. Dieser Beitrag untersucht die Rolle der Beschäftigten im Dekarbonisierungsprozess von Indus­trieunternehmen in Deutschland und analysiert, wie das Konzept der Sozialpartnerschaft durch bewährte kooperative Praktiken die …

Financialization

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

Chapter 4 takes up the theme of financialization and the issues to which financial dominance of capitalism has given rise. The chapter begins by contrasting the standard neoclassical view of the financial sector, as a benign influence that ‘oils the wheels’ of …

External Macroeconomic Imbalances: Causes and Consequences

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

This chapter explores the external imbalances - which have international financial consequences by virtue of the identity that relates trade imbalances to international financial flows - characteristic of contemporary global capitalism. The chapter first outlines the narrow neoclassical explanation of these imbalances, …

Innovation, Digital Capitalism and Productivity Growth

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

In this chapter, the ‘digitalization’ of the economy that has enthralled popular media through its transformation of consumer goods and social interaction is shown to lend itself to precisely the same shift in power (towards the corporate sector) that results from the …

Increasing Inequality, Financialization and Macroeconomic Instability: A Three Act Tragedy

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

Chapter 6 focuses on the domestic macroeconomics of neoliberalism and, in particular, the way in which the growing inequality and financialization of the household sector combined to create a seemingly well-functioning but, in fact, increasingly fragile and unsustainable US economy. Central to …

Index

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

After more than four decades of real income stagnation, ever-increasing inequality and household financial distress, this book explores how the very fabric of our society is under threat. It argues that although capitalism is imperfect, it can be improved, and harnessing its …

Achieving Sustainable and Inclusive Growth: A New Social Structure for Decent Work

Hagen M. Krämer, Christian R. Proaño, Mark Setterfield

Are we inevitably destined for a future of rising inequality and, in the absence of unsustainable financialized growth, secular stagnation? Or is it possible to fundamentally reform contemporary capitalism, shifting it away from neoliberalism and towards a social capitalism that can deliver …