Publications

11 publications found, searching for 'Charles J. Whalen '

• Working Paper No. 892 June 21, 2017

  Understanding Financialization

  Charles J. Whalen
  Abstract

  Since the death of Hyman Minsky in 1996, much has been written about financialization. This paper explores the issues that Minsky examined in the last decade of his life and considers their relationship to that financialization literature. Part I addresses Minsky’s penetrating observations regarding what he called money manager capitalism. Part II outlines the powerful […]

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• Working Paper No. 724 May 17, 2012

  Ο Θεσμικός μετα-Κεϋνσιανισμός μετά τη Μεγάλη Κάμψη

  Charles J. Whalen
  Abstract

  Η εργασία αυτή ερευνά το πλαίσιο και το περίγραμμα του σύγχρονου Θεσμικού μετα-Κεϋνσιανισμού (ΘΜΚ). Ξεκινά με την ανασκόπηση της πρόσφατης κριτικής διακεκριμένων οικονομολόγων στα παραδοσιακά οικονομικά και εξετάζει, εντός του ισχύοντος πλαισίου, τις σημαντικότερες πτυχές της έρευνας που άνοιξαν το δρόμο για το ΘΜΚ. Στη συνέχεια, σκιαγραφεί τα βασικά στοιχεία του ΘΜΚ, αντλώντας σε μεγάλο […]

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 724 PDF (500.87 KB)
• Working Paper No. 724 May 17, 2012

  Post-Keynesian Institutionalism after the Great Recession

  Charles J. Whalen
  Abstract

  This paper surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, within the current context, important research that paved the way for PKI. It then sketches essential elements of PKI—drawing heavily on the contributions of Hyman Minsky—and identifies […]

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• Policy Notes No. 1 July 12, 2010

  Economic Policy for the Real World

  Charles J. Whalen
  Abstract

  The nation’s economic challenges are daunting. Restoring robust American prosperity and widespread economic opportunity will not be easy. But, as Hyman Minsky stressed, “Economic systems are not natural systems…. Policy can change both the details and the overall character of the economy.” It’s clear that what we are now facing is not simply a cyclical […]

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• Public Policy Brief No. 92 October 26, 2007

  The US Credit Crunch of 2007

  Charles J. Whalen
  Abstract

  It is now clear that most economists underestimated the widening economic impact of the credit crunch that has shaken American financial markets since at least mid-July. A credit crunch is an economic condition in which loans and investment capital are difficult to obtain; in such a period, banks and other lenders become wary of issuing […]

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• Working Paper No. 277 August 01, 1999

  Hyman Minsky’s Theory of Capitalist Development

  Charles J. Whalen
  Abstract

  During the last decade of his life, Hyman P. Minsky drew on insights acquired from Joseph Schumpeter in an effort to explore the long-term development of capitalism. He believed such an exploration would underscore the economic implications of postwar financial-system innovations and could encourage a broad discussion regarding the appropriate structure of the US economy. […]

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• Working Paper No. 165 May 01, 1996

  Economic Insecurity and the Institutional Prerequisites for Successful Capitalism

  Hyman P. Minsky, and Charles J. Whalen
  Abstract

  In this working paper, Distinguished Scholar Hyman P. Minsky and Visiting Scholar Charles Whalen search for reasons to account for the split in post-World War II economic performance—that is, the difference in performance between the 1946–66 period and the 1966–96 period. The authors discuss a number of economic problems that have arisen during the past […]

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• Working Paper No. 149 December 01, 1995

  Biennial Budgeting for the Federal Government

  Charles J. Whalen
  Abstract

  A two-year budget and appropriations cycle at the federal level has been endorsed by Republicans and Democrats during the past 20 years. The first congressional proposal for a federal biennial budget appeared in the late 1970s, and several others have since been submitted. There are two dominant models for a biennial budget: the stretch model, […]

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• Public Policy Brief No. 20 April 08, 1995

  Assessing the Constitutional Route to Federal Budget Balance

  Charles J. Whalen
  Abstract

  Charles J. Whalen evaluates the political and economic arguments in favor of a constitutional amendment requiring a balanced budget and concludes that, although today’s federal budget process needs reform, the balanced budget amendment is not a solution. In fact, such an amendment would divert attention from what is really needed, namely, establishing priorities and making […]

  Download Public Policy Brief No. 20, 1995 PDF (7.24 MB)
• Working Paper No. 132 January 01, 1995

  Federal Budget Balance—Tonic or Toxin?

  Charles J. Whalen
• Working Paper No. 128 November 01, 1994

  Should the US Government Adopt a Biennial Budget?

  Charles J. Whalen
  Abstract

  No further information available.

  Download Working Paper No. 128 PDF (3.02 MB)