Начала политической экономии и податного обложения = The principles of political economy and taxation

We've all had the experience at some time or other of walking through a department store and being amazed at the many different articles we see there. One counter after another filled with this, that, and the other thing-some useful, some of little or no use. Almost every day a new gadget is advertised, electric blankets, or hats that look like chimneys, or a special kind of vitamin tablets. A common reaction of people as they look in shop windows is, "What will they think of next?"This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

The Accumulation of Capital

This paper derives a balance-of-payments equilibrium growth rate analogous to Thirlwall’s Law from a Pasinettian multi-sector macrodynamic framework. The resulting formula, which we call the Multi-Sectoral Thirlwall’s Law, asserts that a country’s growth rate of per capita income is directly proportional to the growth rate of its exports, with such a proportionality being inversely (directly) related to sectoral income elasticities of demand for imports (exports). These income elasticities are weighted by coefficients that measure the share of each sector in total imports and exports, respectively. It is shown that several theoretical, empirical and policy implications can be drawn from such a structural economic dynamics approach to balance-of-payments-constrained growth.

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A structural economic dynamics approach to balance-of-payments- constrained growth

https://flore.unifi.it/bitstream/2158/1087565/1/2015%20PhLifeRev.pdf

Statistical physics of crime: a review.

This 1974 collection of six essays in economic theory represents a major contribution to the field. The first contains the formulation of the Ricardian system, whilst the next two contain, respectively, the author's synthetic treatment of the complex problems of fluctuations and economic growth, and his well-known theorem that in the long run the rate of profit and income distribution are independent of the propensities to save of the working class. The essays that follow provide the missing links: a coherent picture of the macroeconomic theories that have originated in Cambridge and a discussion of their deep foundations in classical economic analysis. Finally, the author evaluates some economic controversies and draws his conclusions on the basic forces determining rate of profit in the process of economic growth. Although the arguments are highly theoretical, they require no knowledge of mathematics beyond elementary calculus and algebra.

Growth and Income Distribution

The Structural Economic Dynamic approach is distinguished by its simultaneous approach to demand and supply sides of economic growth. However, the idea that growth itself can transform an economy, which became known in the literature as cumulative causation, cannot be properly studied by this framework because technological progress is treated in the same manner as in the traditional Neoclassical model, that is, it is exogenous. Besides, it is the only source of economy growth with no role played by demand in the pace of economic growth but only in the sectoral composition of the economy. Here we introduce Verdoon’s Law in the Pasinetti’s model of structural change thus making it able to study cumulative causation and thus rendering structural changes endogenous in this model.

Cumulative Causation in a Structural Economic Dynamic Approach to Economic Growth and Uneven Development

Purpose – To assess the efficiency of the anti‐money laundering regulation by using an incentive‐based approach.Design/methodology/approach – It is designed a mechanism in which competent authority is the principal and the financial institutions are the agents.Findings – The analysis shows that despite the efforts of the authorities to combat money laundering the efficiency of an incentive‐based approach has been damaged by the existence of hidden information related to the ability or willingness of banks to cope with money‐laundering prevention.Research limitations/implications – The contract approach adopted to assess the efficiency of the regulation may highlight the efficiency properties of international schemes of combat against money laundering. But, it is subject to limitations related to the hidden information.Practical implications – This is a theoretical result that points out to the necessity of creating financial intelligence units in order to concentrated the efforts of collecting information...

Assessing the efficiency of the anti‐money laundering regulation: an incentive‐based approach

https://mpra.ub.uni-muenchen.de/29960/1/MPRA_paper_29960.pdf

Cumulative causation in a structural economic dynamic approach to economic growth and uneven development

https://mpra.ub.uni-muenchen.de/53293/1/MPRA_paper_53293.pdf

Ricardo Azevedo Araujo

Papers

A structural economic dynamics approach to balance-of-payments- constrained growth

Cumulative Causation in a Structural Economic Dynamic Approach to Economic Growth and Uneven Development

Assessing the efficiency of the anti‐money laundering regulation: an incentive‐based approach

Cumulative causation in a structural economic dynamic approach to economic growth and uneven development

Structural change and decisions on investment allocation