The Macroeconomics of Finance-Dominated Capitalism - and its Crisis

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Finance-dominated capitalism and re-distribution of income: a Kaleckian perspective. (2015, unknown): “…or finance-dominated capitalism have been described and analyzed extensively and in detail by many authors.3 From a macroeconomic perspective, we have claimed that finance-dominated capitalism has affected long-run economic developments through the following three main channels (Hein 2012): 1.”
Debt-driven growth? Wealth, distribution and demand in OECD countries (2016, background): “Palley (1994), Dutt (2006) and Hein (2012a) include household debt in Kaleckian models and Isaac and Kim (2013) is one of the few paper that explicitly model business as well as household debt simultaneously.”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “5 down in investment and growth has been lower with respect to previous periods (Crotty, 2005; Palley, 2008; Hein, 2012; Hein and Mundt, 2012).”
Rising inequality as a cause of the present crisis (2015, background): “The explanation has some similarities with Hein (2012) Horn and van Treeck (2011); their relation to the literature is discussed in Section 6.”
Neoliberal growth models, monetary union and the Euro crisis. A post-Keynesian perspective (2016, unknown): “These structural changes have been summarily called financialization and plays a key role in our analysis of the structure of accumulation (Hein 2012, Stockhammer 2012).”