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The purpose of this paper is to contribute to understanding modern monetary arrangements from a Marxist perspective that takes into account recent developments in the Marxist theory of world money. The paper treats the US dollar as a primus inter pares quasi-world money and challenges the argument of US hegemony by exploring the behavior of major c...
This paper aims at showing that the approach of defining and measuring absolute poverty on the basis of 'basic and social needs' is feasible. The categories of nutrition, clothing and footwear, and transportation are examined under this light, a basket of use values is formed and subsequently it is priced to provide three corresponding sub-indexes...
El endeudamiento de España, Portugal y Grecia ha crecido en los últimos años debido principalmente a un sector privado que, incapaz de competir con éxito dentro de la zona euro, ha acumulado deuda tanto interna como externa. La deuda total - tanto pública como privada - plantea problemas graves para los bancos de los países del centro de la zona eu...