wow-inequalities/02-data/intermediate/wos_sample/8db2d9baeff83f9c12fb3962a7cf30d6-baiman-ron/info.yaml

74 lines
2.2 KiB
YAML
Raw Normal View History

2023-09-28 14:46:10 +00:00
abstract: 'Detailed analysis of BEA methodology and data strongly suggests that
U.S. GDP is overvalued on the output side. The ability to generate
income without producing real value-added output is a key characteristic
of a rentier economy. Broader indicators include a massive increase in
financial activity and finance, insurance, and real estate (FIRE),
declining manufacturing share, declining real investment in plant and
equipment, increased outsourcing of production and rising trade
deficits, declining employment and real wage growth, rising profits,
growing inequality, and increasing aggregate demand dependency on
private (household and business) and public sector debt. Based on these
indicators, relative to other advanced countries like Germany, the U.S.
has since the mid-1970''s increasingly become a rentier economy. Grafting
a schematic rentier economy onto a simple free trade unequal exchange
model from Baiman (2006) highlights the labor exchange, inequality, and
efficiency characteristics of rentier United States, unequal exchange
(German), and developing country (China), economies. Reviving the U.S.
economy and restoring full employment will require a public policy
induced reallocation of resources away from rentier activity back to
productive high-value added unequal exchange production.'
affiliation: 'Baiman, R (Corresponding Author), Benedictine Univ, Lisle, IL 60532
USA.
Benedictine Univ, Lisle, IL 60532 USA.'
author: Baiman, Ron
author-email: rbaiman@ben.edu
author_list:
- family: Baiman
given: Ron
da: '2023-09-28'
doi: 10.1177/0486613413511404
eissn: 1552-8502
files: []
issn: 0486-6134
journal: REVIEW OF RADICAL POLITICAL ECONOMICS
keywords: 'full employment; unequal exchange; rentier economy; national income and
product accounts; federal deficit; trade deficit; E01; E11; E12; F16;
F41; J21'
language: English
month: DEC
number: '4'
number-of-cited-references: '39'
pages: 536-557
papis_id: d8a59f19ad3ee08abb31ca649472f647
ref: Baiman2014unequalexchange
times-cited: '9'
title: Unequal Exchange and the Rentier Economy
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000344690300012
usage-count-last-180-days: '3'
usage-count-since-2013: '18'
volume: '46'
web-of-science-categories: Economics
year: '2014'