Costas Passas
Biographic Data
| ID | 1370247 |
|---|---|
| NAME | Costas Passas |
| GIVEN NAMES | Costas |
| FAMILY NAME | Passas |
| SIGNATURE | PASSAS C |
| AFFILIATIONS | National and Kapodistrian University of Athens |
| ORCID | 0000-0002-3469-1490 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 6 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2013 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 1 |
The political economy of crisis and recovery in modern Greece
Fifteen years after the Great Recession, the Greek economy shows slow growth following a prolonged stagnation. This article examines the causes of Greece’s economic crisis and the factors behind its tentative recovery. Our analysis highlights the pivotal role of profitability, particularly changes in the net rate of profit, in both the crisis onset and recovery. The recovery relies heavily on increased exploitation through wage cuts and inflation…
An Investigation of the Net Social Wage Ratio in Nine European Countries, 1995–2018
This article estimates the net social wage ratio, in a panel of nine European countries for the 1995–2018 period. Assuming that indirect taxes are partly paid by labor, it is found that the net fiscal position of the working class is negative in eight of the nine countries. On the contrary, when indirect taxes are assumed to be entirely paid out of surplus value the net social wage ratio is positive and substantial in all countries. Using this pa…
Determinants of Marxian labor productivity in the Greek economy 1960-2020
This paper discusses productivity growth in the context of the Greek economy. Productivity of labor in the Marxian sense is estimated using the distinction between productive and unproductive labor, and it is compared and contrasted with its mainstream counterpart. Marxian productivity is generally higher in level and exhibits a higher average rate of growth than mainstream productivity. We also estimate econometrically the determinants of produc…
The net social wage in different welfare regimes
This article investigates empirically the net fiscal position of the working class in nine European countries for the 1995-2015 period. This is done through the estimation of the net social wage for wage and salary earners in those countries, characterized by different types of welfare states. The negative net social wage ratio in eight out of nine countries indicates that in advanced capitalism, the state budget redistributes income in such a wa…
Profitability Capital Accumulation and Crisis in the Greek Economy 1958–2009
This study examines the behavior of the main Marxian variables in the postwar Greek economy. The different phases of the capital accumulation process are distinguished and analyzed according to the movement of the rate of profit. The ‘golden age’ of the 1958–74 period of high profitability and strong growth was followed by the stagflation crisis of the 1970s and early 1980s. After 1985, and especially after 1991, the ‘neoliberal solution’ to the …
Profitability Capital Accumulation and Crisis in the Greek Economy 1958–2009
This study examines the behavior of the main Marxian variables in the postwar Greek economy. The different phases of the capital accumulation process are distinguished and analyzed according to the movement of the rate of profit. The ‘golden age’ of the 1958–74 period of high profitability and strong growth was followed by the stagflation crisis of the 1970s and early 1980s. After 1985, and especially after 1991, the ‘neoliberal solution’ to the …
Profitability Capital Accumulation and Crisis in the Greek Economy 1958–2009
This study examines the behavior of the main Marxian variables in the postwar Greek economy. The different phases of the capital accumulation process are distinguished and analyzed according to the movement of the rate of profit. The ‘golden age’ of the 1958–74 period of high profitability and strong growth was followed by the stagflation crisis of the 1970s and early 1980s. After 1985, and especially after 1991, the ‘neoliberal solution’ to the …
The net social wage in different welfare regimes
This article investigates empirically the net fiscal position of the working class in nine European countries for the 1995-2015 period. This is done through the estimation of the net social wage for wage and salary earners in those countries, characterized by different types of welfare states. The negative net social wage ratio in eight out of nine countries indicates that in advanced capitalism, the state budget redistributes income in such a wa…
Determinants of Marxian labor productivity in the Greek economy 1960-2020
This paper discusses productivity growth in the context of the Greek economy. Productivity of labor in the Marxian sense is estimated using the distinction between productive and unproductive labor, and it is compared and contrasted with its mainstream counterpart. Marxian productivity is generally higher in level and exhibits a higher average rate of growth than mainstream productivity. We also estimate econometrically the determinants of produc…
The political economy of crisis and recovery in modern Greece
Fifteen years after the Great Recession, the Greek economy shows slow growth following a prolonged stagnation. This article examines the causes of Greece’s economic crisis and the factors behind its tentative recovery. Our analysis highlights the pivotal role of profitability, particularly changes in the net rate of profit, in both the crisis onset and recovery. The recovery relies heavily on increased exploitation through wage cuts and inflation…
An Investigation of the Net Social Wage Ratio in Nine European Countries, 1995–2018
This article estimates the net social wage ratio, in a panel of nine European countries for the 1995–2018 period. Assuming that indirect taxes are partly paid by labor, it is found that the net fiscal position of the working class is negative in eight of the nine countries. On the contrary, when indirect taxes are assumed to be entirely paid out of surplus value the net social wage ratio is positive and substantial in all countries. Using this pa…
Economic Theory and Policy (3 works) · Economics (3 works) · Macroeconomics (3 works) · Political Economy and Marxism (3 works) · Wage (3 works) · Capital accumulation (2 works) · Employment and Welfare Studies (2 works) · Housing, Finance, and Neoliberalism (2 works) · Labour economics (2 works) · Population (2 works)