The Cambridge Post-Keynesian School of Income and Wealth Distribution

Baranzini, Mauro; Mirante, Amalia

doi:10.1093/oxfordhb/9780195390766.013.0015

Cited by 14 publications

(11 citation statements)

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“…Therefore, stakeholders forming their stances on policies to address vulnerability or to improve resilience will face fundamental uncertainty as to how such policies will affect them dynamically (Cardinale 2015). In this analytical context, the relevant conflict might be, for example, between owners of different scarce resources (Quadrio Curzio and Pellizzari 2018), or between 'owners of life-cycle capital' and 'owners of inter-generational capital' (Baranzini 1991). Therefore, while the gist of the analysis of the paper, which was developed for the 'static' case of given technology, holds for dynamic analysis as well, future research will need to devise definitions of systemic interest that are suitable for tackling dynamic problems.…”

Section: Resultsmentioning

confidence: 99%

Vulnerability, Resilience and ‘Systemic Interest’: a Connectivity Approach

Cardinale

2019

Netw Spat Econ

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This paper analyzes the socioeconomic dimension of vulnerability and resilience from the viewpoint of connectivity. While no consensus has yet emerged on the definitions of vulnerability and resilience or on their relationship, it has been recognized that both have an important normative dimension, in that whether a system is considered vulnerable or resilient depends on the interests of the stakeholders involved. The paper proposes a dimension of resilience and vulnerability that is likely to be shared across a significant spectrum of stakeholders. To do so, the paper analyses connectivity within social-ecological systems from a BStructural Political Economy^viewpoint. A key concept in this regard is Bsystemic interest^, which is defined as the interest of stakeholders in keeping viable the system of connections within which they act. Systemic interest has desirable properties to conceptualize the normative dimension of vulnerability and resilience and leads to problematize their link with connectivity. In fact, it raises the question of what features of connectivity can be expected to lead to systemic interest, and how this impinges on vulnerability and resilience in different contexts. On the one hand, one might expect that a more interconnected system is more vulnerable to shocks, which propagate more easily throughout the system. On the other hand, such system might have a stronger systemic interest, so that a shock would trigger stakeholders' reaction to counteract its effects and avoid systemic consequences. The paper points to the institutional conditions that might make either outcome more likely in any given context.

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Section: Resultsmentioning

confidence: 99%

Vulnerability, Resilience and ‘Systemic Interest’: a Connectivity Approach

Cardinale

2019

Netw Spat Econ

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“…In the early 1950s, Franco Modigliani, among others, developed a theory assuming that individuals plan their behaviour of the level of consumption and savings, throughout their Life Cycle. Following this line, Baranzini (1991) developed a theory of wealth distribution, considering intergenerational theory and reason for inheritance. His model establishes microeconomic foundations for the theory of growth and distribution based on the post-Keynesian framework.…”

Section: Principles Of the Cycle Theory And Extensionsmentioning

confidence: 99%

“…Moving forward, Baranzini (1991) presented a theory of wealth distribution, considering life cycle and inheritance. His model established microeconomic foundations for the theory of growth and wealth distribution based on the post-Keynesian framework.…”

Section: Introductionmentioning

confidence: 99%

A Life-Cycle Intergenerational Model Considering Social Security

Estulano Vieira,

De Araujo Oliveira,

Nozaki Sugahara

2023

BKR

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The central objective of this paper is to deliver an intergenerational Life Cycle model considering the retirement process based on the pay-as-you-go system (PAYG). Our model is inspired by Baranzinis’ approach, where the optimal consumption analysis is made in a two-class type and restricted by the capital variation of each one. Our main results observe the equilibrium solution of the consumption and capital stock to both classes and conclude that the PAYG system does interfere with the results, as well as the time preference to leave or not inheritance. The methodology approached here is the Pontryagins’ Maximum Principle. We also applied a numerical simulation to ensure the robustness of our approach.

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“…11 A different approach to the endogenous formation of political-economic actors is provided by Baranzini's (1991) theory of wealth distribution and accumulation, where different assumptions about motives and saving behaviour on the part of social groups can lead to the emergence, transformation or even disappearance of such groups (see also Baranzini and Mirante, 2013).…”

Section: Implications and Conclusionmentioning

confidence: 99%

On means and ends in structural economic analysis: Broadening the field of enquiry

Cardinale

2022

Structural Change and Economic Dynamics

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The Cambridge Post-Keynesian School of Income and Wealth Distribution

Cited by 14 publications

References 0 publications

Vulnerability, Resilience and ‘Systemic Interest’: a Connectivity Approach

Vulnerability, Resilience and ‘Systemic Interest’: a Connectivity Approach

A Life-Cycle Intergenerational Model Considering Social Security

On means and ends in structural economic analysis: Broadening the field of enquiry

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