The Revenge of the Market on the Rentiers: Why neo-liberal Reports of the end of history turned out to be premature (Updated 19 December 2011)

By J. Palma. 2009

238 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/b062fe2e14667e23d6e6f4814820f23b1f7ccf2e

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Citations in the corpus

Thirteen Things You Need to Know About Neoliberalism (2017, background): “For the capacity of the top 10% of the income distribution to grow at the expense of the bottom 40%, see Palma (2009) on the ‘neoliberal art of democracy’.”
The determinants of income inequality in OECD countries (2018, background): “Finally, Piketty (2014) and Palma (2009) show that most income inequality can be attributed to the top 1% of wage earners, particularly within the financial sector, and this is difficult to explain in combination with the SBTC argument.”
Finance-dominated capitalism and re-distribution of income: a Kaleckian perspective. (2015, unknown): “Starting with Rowthorn’s (1977) contribution to the Post-Keynesian literature, the effect of trade union bargaining power has been integrated into conflict claims inflation models, in which workers/trade unions and firms have conflicting and potentially inconsistent income claims generating inflatio”
Financialization and Economic Development: A Debate on the Social Efficiency of Modern Finance (2018, background): “…of the game’, as well as conduct and outcomes, to the detriment of ‘inclusive’ economic development, and in ways that have helped to legitimize what Palma (2009) appositely called a ‘rentiers’ delight’ — a financialized mode of social regulation which has facilitated ever-increasing…”
Wage stagnation, rising inequality and the financial crisis of 2008. (2013, background): “Whereas there were no financial corporations in the Dow Jones Industrial Average (comprised of 30 large stocks) in 1982, by the onset of 2008 there were five (Palma 2009: 852).”
Europe’s Hunger Games: Income Distribution, Cost Competitiveness and Crisis (2015, background): “But as Palma (2009) reminds us, it is wrong to think about these ‘faults’ as being caused by perpetual incompetence—the monetarist Euro project should instead be read as a purposeful ‘technology of power’ to transform capitalism into a rentiers’ paradise.”
Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about (2011, methodology): “As a result, Latin America’s current brand of capitalism is characterised as much by its capacity to generate market opportunities as by its ability not to take proper advantage of them (with increased inequality having in part to compensate for that; see Palma, 2010b).”