Franklin Serrano
Datos Biográficos
| ID | 887322 |
|---|---|
| NOMBRE | Franklin Serrano |
| NOMBRES | Franklin |
| APELLIDO | Serrano |
| FIRMA | SERRANO F |
| AFILIACIONES | Universidade Federal do Rio de Janeiro |
| ORCID | 0000-0002-9981-9029 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 19 |
| TOTAL DE CITAS | 123 |
| TOTAL COMO AUTOR | 19 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1995 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 5 |
Capital accumulation and the laws of returns in the neoclassicaltheories of growth, viewedfrom a sraffian standpoint
Tax Incidence and Distribution in a Sraffian Conflict Inflation Framework
This paper discusses the distributive effects of indirect taxes on produced commodities in a Sraffian conflict inflation framework, in which we make use of a simple ‘Corn Model’ to generalize some results from Okishio ([1958]1977) and apply them to the question of real tax incidence. We show that real tax incidence depends on whether the tax rate is levied on basic or non-basic goods and that in the case of a tax imposed on basic goods, different…
Conflict, Inertia, and Phillips Curve from a Sraffian Standpoint
The recent post-Keynesian debate on conflict inflation revolves around plausible magnitudes of the parameters of the standard model. We assess this debate by examining the economic meaning of the 'bargaining' and 'indexation' parameters, and proposing a reinterpretation in which the bargaining power is reflected in the relative frequency of wage and price increases in a period. Inflation then depends on the size of the inconsistent distributive c…
Post-Keynesian Economics
The conflicting claims approach to the theory of inflation so thoroughly surveyed and well presented in Chapter 8 of Lavoie's [(2022). Post-Keynesian Economics. New Foundations. Cheltenham, UK: Edward Elgar Publishing] book is deservedly becoming increasingly consensual among heterodox (and even some notable mainstream) macroeconomists. However, the relevance of a concept (and the very existence of) a single NAIRU (Non-Accelerating Inflation Rate…
There is no Room
The paper aims to contribute to the Sraffian interpretation of Ricardo’s theory of foreign trade in his Principles, following the recent reappraisal of Sraffa’s 1930 paper. We argue that Ricardo assumed that trade happened at natural relative prices in each country, and that those prices are determined by taking as given the real wage, the available methods of production and the set of sectoral effectual demands. We show that gravitation towards …
A Hipótese de Estagnação Secular nas teorias do crescimento econômico
O objetivo dessas notas é mostrar, que tanto na versão de A. Hansen quanto na de L. Summers, a argumentação sobre o problema da estagnação secular se faz baseada em fundamentos teóricos questionáveis, na medida em que parecem não serem construídos de forma coerente nem com a abordagem neoclássica para a teoria do crescimento, nem com os modelos heterodoxos de crescimento liderado pela demanda. Partimos da crítica, recentemente apresentada por F. …
O Debate Envolvendo O Efeito Acelerador Na Controvérsia Sobre O Modelo Do Supermultiplicador Sraffiano
Este trabalho discute os requisitos teóricos para o ajustamento da capacidade produtiva à tendência da demanda, no contexto do modelo do supermultiplicador sraffiano, por meio de sua controvérsia na literatura, que girou basicamente em torno da hipótese de acelerador rígido. Para alguns isso implicaria em contínua plena utilização da capacidade, requerendo que a demanda se ajustasse à capacidade. Para outros, implicaria em excessiva sensibilidade…
Demanda efetiva no longo prazo e no processo de acumulação
O artigo discute a evolução do projeto sraffiano, iniciado em 1962 por Garegnani, de desenvolver uma teoria da demanda efetiva de longo prazo. Tratamos tanto dos aspectos metodológicos quanto analíticos, começando com a questão da compatibilidade entre o princípio da demanda efetiva e a abordagem clássica do excedente. Discutimos as relações entre os graus efetivo e normal da utilização da capacidade e o problema do caráter dual do investimento. …
Gravitation of Market Prices Towards Normal Prices
The gravitation process of market prices towards production prices is here presented by means of an analytical framework where the classical capital mobility principle is coupled with a determination of the deviation of market from normal (natural) prices which closely follows the description provided by Adam Smith: each period the level of the market price of a commodity will be higher (lower) than its production price if the quantity brought to…
Conflito distributivo e o fim da "breve era de ouro" da economia brasileira
O objetivo deste trabalho é discutir as causas principais da interrupção do processo de crescimento com inclusão social que ocorreu na economia brasileira a partir de meados dos anos 2000, que chamaremos de “breve era de ouro” da economia brasileira
Quesnay and the Analysis of Surplus in the Capitalist Agriculture
In order to discuss the ‘rational foundation’ of certain aspects of Quesnay's theory we use a simple formalization of the necessary connections between assumptions about the techniques in use, the distribution of income between the classes and sectors and the system of relative prices. We argue that in Quesnay's system agriculture was truly capitalist and that he was indeed a pioneer of the classical political economy/surplus approach to economic…
Understanding and overcoming the “positive profits with negative surplus-value” paradox
This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-val…
Será Que "Acabou O Dinheiro"? Financiamento Do Gasto Público E Taxas De Juros Num País De Moeda Soberana
Este trabalho discute como se financiam os gastos públicos e se determinam as taxas de juros sobre os títulos de dívida pública de curto e longo prazo num país de moeda soberana. A análise segue a abordagem da taxa de juros exógena, que sintetiza os resultados comuns da visão da moeda endógena da Modern Monetary Theory e das finanças funcionais de Lerner. Focado particularmente no caso brasileiro, o trabalho começa com a análise dos procedimentos…
Growth Rate and Level Effects, the Stability of the Adjustment of Capacity to Demand and the Sraffian Supermultiplier
The paper presents a simple but complete formal version of the Sraffian supermultiplier model in which (i) growth is led by the autonomous components of demand that do not create capacity; (ii) private productive investment is an induced expenditure; and (iii) income distribution is exogenous. We show that the main results of the long-period and fully adjusted versions of the model in terms of growth rate and level effects are quite similar and t…
O conflito distributivo e a teoria da inflação inercial
Neste trabalho, discutiremos alguns aspectos da evolução da teoria da inflação inercial no Brasil e analisaremos brevemente algumas de suas principais deficiências a partir de uma perspectiva sraffiana, que vê a inflação de custos como baseada no conflito distributivo
Juros, câmbio e o sistema de metas de inflação no Brasil
Interest rate, exchange rate and the system of inflation target in Brazil. In the consensus view of the Brazilian system of inflation targeting, the core of inflation is due to demand shocks; the rate of interest is set to control demand; and some variation in the exchange rate happens as "collateral damage". In this note we argue that in reality core inflation comes from cost push; the interest rate affects the exchange rate; changes in the exch…
O Desenvolvimento Econômico e a Retomada da Abordagem Clássica do Excedente
Neste artigo mostramos como um arcabouço analítico baseado na abordagem do superávit clássico pode ser utilizado para a compreensão de algumas questões centrais do desenvolvimento econômico das nações e da economia brasileira nas últimas décadas, em particular. Começamos a discutir as deficiências da abordagem tradicional da economia do desenvolvimento e a incapacidade da abordagem neoclássica para explicar alguns dos fatos estilizados mais impor…
Technical Change, Effective Demand and Employment
Ricardo and Marx saw technological change as a possible cause of long-period unemployment. Neoclassical and Schumpeterian economists regard technological unem ployment as a transitory phenomenon. This paper argues that the capital critique (i) demolishes the neoclassical claim that market mechanisms will restore full employment whenever workers are displaced by technical change, and (ii) rehabilitates the old Ricardian argument that automatic com…
Long Period Effective Demand and the Sraffian Supermultiplier
Journal Article LONG PERIOD EFFECTIVE DEMAND AND THE SRAFFIAN SUPERMULTIPLIER Get access FRANKLIN SERRANO FRANKLIN SERRANO Universidade Federal do Rio de JaneiroBrazil Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, Volume 14, Issue 1, 1995, Pages 67–90, https://doi.org/10.1093/oxfordjournals.cpe.a035642 Published: 01 June 1995
Long Period Effective Demand and the Sraffian Supermultiplier
Journal Article LONG PERIOD EFFECTIVE DEMAND AND THE SRAFFIAN SUPERMULTIPLIER Get access FRANKLIN SERRANO FRANKLIN SERRANO Universidade Federal do Rio de JaneiroBrazil Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, Volume 14, Issue 1, 1995, Pages 67–90, https://doi.org/10.1093/oxfordjournals.cpe.a035642 Published: 01 June 1995
Growth Rate and Level Effects, the Stability of the Adjustment of Capacity to Demand and the Sraffian Supermultiplier
The paper presents a simple but complete formal version of the Sraffian supermultiplier model in which (i) growth is led by the autonomous components of demand that do not create capacity; (ii) private productive investment is an induced expenditure; and (iii) income distribution is exogenous. We show that the main results of the long-period and fully adjusted versions of the model in terms of growth rate and level effects are quite similar and t…
Technical Change, Effective Demand and Employment
Ricardo and Marx saw technological change as a possible cause of long-period unemployment. Neoclassical and Schumpeterian economists regard technological unem ployment as a transitory phenomenon. This paper argues that the capital critique (i) demolishes the neoclassical claim that market mechanisms will restore full employment whenever workers are displaced by technical change, and (ii) rehabilitates the old Ricardian argument that automatic com…
Conflito distributivo e o fim da "breve era de ouro" da economia brasileira
O objetivo deste trabalho é discutir as causas principais da interrupção do processo de crescimento com inclusão social que ocorreu na economia brasileira a partir de meados dos anos 2000, que chamaremos de “breve era de ouro” da economia brasileira
O conflito distributivo e a teoria da inflação inercial
Neste trabalho, discutiremos alguns aspectos da evolução da teoria da inflação inercial no Brasil e analisaremos brevemente algumas de suas principais deficiências a partir de uma perspectiva sraffiana, que vê a inflação de custos como baseada no conflito distributivo
Gravitation of Market Prices Towards Normal Prices
The gravitation process of market prices towards production prices is here presented by means of an analytical framework where the classical capital mobility principle is coupled with a determination of the deviation of market from normal (natural) prices which closely follows the description provided by Adam Smith: each period the level of the market price of a commodity will be higher (lower) than its production price if the quantity brought to…
Juros, câmbio e o sistema de metas de inflação no Brasil
Interest rate, exchange rate and the system of inflation target in Brazil. In the consensus view of the Brazilian system of inflation targeting, the core of inflation is due to demand shocks; the rate of interest is set to control demand; and some variation in the exchange rate happens as "collateral damage". In this note we argue that in reality core inflation comes from cost push; the interest rate affects the exchange rate; changes in the exch…
Conflict, Inertia, and Phillips Curve from a Sraffian Standpoint
The recent post-Keynesian debate on conflict inflation revolves around plausible magnitudes of the parameters of the standard model. We assess this debate by examining the economic meaning of the 'bargaining' and 'indexation' parameters, and proposing a reinterpretation in which the bargaining power is reflected in the relative frequency of wage and price increases in a period. Inflation then depends on the size of the inconsistent distributive c…
Post-Keynesian Economics
The conflicting claims approach to the theory of inflation so thoroughly surveyed and well presented in Chapter 8 of Lavoie's [(2022). Post-Keynesian Economics. New Foundations. Cheltenham, UK: Edward Elgar Publishing] book is deservedly becoming increasingly consensual among heterodox (and even some notable mainstream) macroeconomists. However, the relevance of a concept (and the very existence of) a single NAIRU (Non-Accelerating Inflation Rate…
Long Period Effective Demand and the Sraffian Supermultiplier
Journal Article LONG PERIOD EFFECTIVE DEMAND AND THE SRAFFIAN SUPERMULTIPLIER Get access FRANKLIN SERRANO FRANKLIN SERRANO Universidade Federal do Rio de JaneiroBrazil Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, Volume 14, Issue 1, 1995, Pages 67–90, https://doi.org/10.1093/oxfordjournals.cpe.a035642 Published: 01 June 1995
Technical Change, Effective Demand and Employment
Ricardo and Marx saw technological change as a possible cause of long-period unemployment. Neoclassical and Schumpeterian economists regard technological unem ployment as a transitory phenomenon. This paper argues that the capital critique (i) demolishes the neoclassical claim that market mechanisms will restore full employment whenever workers are displaced by technical change, and (ii) rehabilitates the old Ricardian argument that automatic com…
O Desenvolvimento Econômico e a Retomada da Abordagem Clássica do Excedente
Neste artigo mostramos como um arcabouço analítico baseado na abordagem do superávit clássico pode ser utilizado para a compreensão de algumas questões centrais do desenvolvimento econômico das nações e da economia brasileira nas últimas décadas, em particular. Começamos a discutir as deficiências da abordagem tradicional da economia do desenvolvimento e a incapacidade da abordagem neoclássica para explicar alguns dos fatos estilizados mais impor…
O conflito distributivo e a teoria da inflação inercial
Neste trabalho, discutiremos alguns aspectos da evolução da teoria da inflação inercial no Brasil e analisaremos brevemente algumas de suas principais deficiências a partir de uma perspectiva sraffiana, que vê a inflação de custos como baseada no conflito distributivo
Juros, câmbio e o sistema de metas de inflação no Brasil
Interest rate, exchange rate and the system of inflation target in Brazil. In the consensus view of the Brazilian system of inflation targeting, the core of inflation is due to demand shocks; the rate of interest is set to control demand; and some variation in the exchange rate happens as "collateral damage". In this note we argue that in reality core inflation comes from cost push; the interest rate affects the exchange rate; changes in the exch…
Growth Rate and Level Effects, the Stability of the Adjustment of Capacity to Demand and the Sraffian Supermultiplier
The paper presents a simple but complete formal version of the Sraffian supermultiplier model in which (i) growth is led by the autonomous components of demand that do not create capacity; (ii) private productive investment is an induced expenditure; and (iii) income distribution is exogenous. We show that the main results of the long-period and fully adjusted versions of the model in terms of growth rate and level effects are quite similar and t…
Quesnay and the Analysis of Surplus in the Capitalist Agriculture
In order to discuss the ‘rational foundation’ of certain aspects of Quesnay's theory we use a simple formalization of the necessary connections between assumptions about the techniques in use, the distribution of income between the classes and sectors and the system of relative prices. We argue that in Quesnay's system agriculture was truly capitalist and that he was indeed a pioneer of the classical political economy/surplus approach to economic…
Understanding and overcoming the “positive profits with negative surplus-value” paradox
This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-val…
Será Que "Acabou O Dinheiro"? Financiamento Do Gasto Público E Taxas De Juros Num País De Moeda Soberana
Este trabalho discute como se financiam os gastos públicos e se determinam as taxas de juros sobre os títulos de dívida pública de curto e longo prazo num país de moeda soberana. A análise segue a abordagem da taxa de juros exógena, que sintetiza os resultados comuns da visão da moeda endógena da Modern Monetary Theory e das finanças funcionais de Lerner. Focado particularmente no caso brasileiro, o trabalho começa com a análise dos procedimentos…
Demanda efetiva no longo prazo e no processo de acumulação
O artigo discute a evolução do projeto sraffiano, iniciado em 1962 por Garegnani, de desenvolver uma teoria da demanda efetiva de longo prazo. Tratamos tanto dos aspectos metodológicos quanto analíticos, começando com a questão da compatibilidade entre o princípio da demanda efetiva e a abordagem clássica do excedente. Discutimos as relações entre os graus efetivo e normal da utilização da capacidade e o problema do caráter dual do investimento. …
Gravitation of Market Prices Towards Normal Prices
The gravitation process of market prices towards production prices is here presented by means of an analytical framework where the classical capital mobility principle is coupled with a determination of the deviation of market from normal (natural) prices which closely follows the description provided by Adam Smith: each period the level of the market price of a commodity will be higher (lower) than its production price if the quantity brought to…
Conflito distributivo e o fim da "breve era de ouro" da economia brasileira
O objetivo deste trabalho é discutir as causas principais da interrupção do processo de crescimento com inclusão social que ocorreu na economia brasileira a partir de meados dos anos 2000, que chamaremos de “breve era de ouro” da economia brasileira
O Debate Envolvendo O Efeito Acelerador Na Controvérsia Sobre O Modelo Do Supermultiplicador Sraffiano
Este trabalho discute os requisitos teóricos para o ajustamento da capacidade produtiva à tendência da demanda, no contexto do modelo do supermultiplicador sraffiano, por meio de sua controvérsia na literatura, que girou basicamente em torno da hipótese de acelerador rígido. Para alguns isso implicaria em contínua plena utilização da capacidade, requerendo que a demanda se ajustasse à capacidade. Para outros, implicaria em excessiva sensibilidade…
A Hipótese de Estagnação Secular nas teorias do crescimento econômico
O objetivo dessas notas é mostrar, que tanto na versão de A. Hansen quanto na de L. Summers, a argumentação sobre o problema da estagnação secular se faz baseada em fundamentos teóricos questionáveis, na medida em que parecem não serem construídos de forma coerente nem com a abordagem neoclássica para a teoria do crescimento, nem com os modelos heterodoxos de crescimento liderado pela demanda. Partimos da crítica, recentemente apresentada por F. …
There is no Room
The paper aims to contribute to the Sraffian interpretation of Ricardo’s theory of foreign trade in his Principles, following the recent reappraisal of Sraffa’s 1930 paper. We argue that Ricardo assumed that trade happened at natural relative prices in each country, and that those prices are determined by taking as given the real wage, the available methods of production and the set of sectoral effectual demands. We show that gravitation towards …
Post-Keynesian Economics
The conflicting claims approach to the theory of inflation so thoroughly surveyed and well presented in Chapter 8 of Lavoie's [(2022). Post-Keynesian Economics. New Foundations. Cheltenham, UK: Edward Elgar Publishing] book is deservedly becoming increasingly consensual among heterodox (and even some notable mainstream) macroeconomists. However, the relevance of a concept (and the very existence of) a single NAIRU (Non-Accelerating Inflation Rate…
Conflict, Inertia, and Phillips Curve from a Sraffian Standpoint
The recent post-Keynesian debate on conflict inflation revolves around plausible magnitudes of the parameters of the standard model. We assess this debate by examining the economic meaning of the 'bargaining' and 'indexation' parameters, and proposing a reinterpretation in which the bargaining power is reflected in the relative frequency of wage and price increases in a period. Inflation then depends on the size of the inconsistent distributive c…
Capital accumulation and the laws of returns in the neoclassicaltheories of growth, viewedfrom a sraffian standpoint
Tax Incidence and Distribution in a Sraffian Conflict Inflation Framework
This paper discusses the distributive effects of indirect taxes on produced commodities in a Sraffian conflict inflation framework, in which we make use of a simple ‘Corn Model’ to generalize some results from Okishio ([1958]1977) and apply them to the question of real tax incidence. We show that real tax incidence depends on whether the tax rate is levied on basic or non-basic goods and that in the case of a tax imposed on basic goods, different…
Economic Theory and Policy (19 obras) · Economics (16 obras) · Political Economy and Marxism (11 obras) · Economic Theory and Institutions (8 obras) · Economic theories and models (7 obras) · Philosophy (7 obras) · Mathematics (6 obras) · Neoclassical economics (6 obras) · Econometrics (5 obras) · Humanities (5 obras)