๐จPaper alert ๐จ Excited to share our new article: King & Cruz (2025) "Pro-cyclicality, Debt, and Privatizations, Contributions to Debt Sustainability Concept: Latin America Counterfactual Scenarios" Link: https://t.co/NwJ2HquS3L
(...) while a tax on capital gains โ which will be undoubtedly effective at reducing wealth inequality โ may fall short at reversing the decline in the labor share, and therefore will have no effect on either the long-run employment rate or the growth rate." (2/2)
๐จ Pleased to share our new article ๐
Cruz, M.D. & Tavani, D. (2023). Secular Stagnation: A Classical-Marxian View, Review of Keynesian Economics, Vol. 11(4), p. 554-584. Available at https://t.co/rGfKtWhinE
Preprint version here: https://t.co/KEPHu82PlV
"The main policy implication is that, even in a supply-constrained economy, labor-friendly redistribution policies that increase the labor share of income will reduce wealth inequality while at the same time increasing economic growth and long-run employment; (...) (1/2)
Corruption in Pakistan: An Institutional Economics Perspective, which has been recently listed on SSRN's Top Ten download list, is available at:
https://t.co/vnhD8zgcYI
@WilliamWaller3@AntiCorrPub