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Comparative analysis of different heterodox interpretations about the end of the “Golden Age” of Western capitalism

Author

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  • Luciano Alencar Barros
  • Carlos Pinkusfeld Bastos

Abstract

This paper aims to contribute to the understanding, in the field of heterodoxy, ofthe end of the Golden Age of Western capitalism. In this regard, this object is examinedthrough a comparative analysis of three different theoretical approaches, which have in commonthe adoption of the Principle of Effective Demand and the influence of Marx’s framework:the regulation school and the neo-Kaleckian and Sraffian approaches. JEL Classification: B22; E11; P16.

Suggested Citation

  • Luciano Alencar Barros & Carlos Pinkusfeld Bastos, 2025. "Comparative analysis of different heterodox interpretations about the end of the “Golden Age” of Western capitalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(1), pages 144-163.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:1:p:144-163:id:2495
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2495/2425
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    More about this item

    Keywords

    Golden Age; political economy; Kalecki; regulation school; Sraffa;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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