Giorgos Galanis
Biographic Data
| ID | 4721030 |
|---|---|
| NAME | Giorgos Galanis |
| GIVEN NAMES | Giorgos |
| FAMILY NAME | Galanis |
| SIGNATURE | GALANIS G |
| AFFILIATIONS | Goldsmiths University of London |
| ORCID | 0000-0003-4729-7174 |
| VERIFIED | Yes |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 95 |
| AUTHOR COUNT | 14 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2014 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 5 |
Financialisation, Underemployment and the Disconnected Greek Capitalism
Recent contributions within the disconnected capitalism literature argue that personal financial insecurity related to household indebtedness and pension fund financialisation is positively associated with time‐related underemployment. This is because financially insecure workers are more likely to accept worsening working conditions on the fear of losing their job and defaulting on their debts. Using quarterly data from the Eurostat for the peri…
Financialisation, shareholder value orientation, and the decline of trade union membership in the EU
This article shows that an orientation towards shareholder value and corporate indebtedness at non-financial firms have been negatively associated with union density in the EU over the past 21 years. We argue that the financialisation of non-financial firms makes them prioritise their ‘external (economic) balance’ at the expense of a cooperative ‘internal equilibrium’ model. In other words, corporate financialisation pushes non-financial firms to…
Defining just transition
International audience
EU-induced financialisation and its impact on the Greek wage share, 1999–2021
This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household indebtedness. Building on recent research which shows that financialisat…
Systemic cycles of accumulation and chaos in the world capitalist system
We re-examine the systemic cycles of accumulation (SCA) of Arrighi (2010) and Arrighi and Silver (1999) which provide a framework for the analysis of the cyclical patterns of geographical expansion of trade and production and the related shifts of hegemonic power within the world capitalist system. Within the SCA framework, the last stage of a hegemonic cycle is characterized by what is called 'systemic chaos'. However, the drivers of these dynam…
Socioeconomic conditions and contagion dynamics of the Covid-19 pandemic with and without mitigation measures
It is well documented that COVID-19 contagion and mortality rates differed systematically across countries. Less is known, however, on whether these differences could be explained by socioeconomic conditions that may determine both the extent to which individuals voluntarily take protection measures in the absence of Non-Pharmaceutical Interventions (NPIs) or comply with imposed NPIs, when these are in place. Using data from 185 countries, we exa…
The impact of financialisation on public health in times of Covid‐19 and beyond
The substantial literature in political economy and sociology has shown that the increasing importance of financial activities (financialisation) exhibits significant effects on many socioeconomic conditions. While these conditions are relevant to public health, the dominant focus of the literature has been centred on the impact of financial markets on health services and health‐care systems. This paper analyses how the financialisation of non‐fi…
A dynamic model of global value network governance
This paper presents a novel understanding of the changing governance structures in global supply chains. Motivated by the global garment sector, we develop a geographical political economy dynamic model that reflects the interaction between bargaining power and distribution of value among buyer and producer firms. We find that the interplay between these two forces, in combination with the spatial specificities of global production and consolidat…
Incorporating Social Determinants of Health into Modelling of Covid-19 and other Infectious Diseases
Climate Change, Financial Stability and Monetary Policy
Equality of when
This paper analyses the temporal unit of egalitarian concern. In the intertemporal context, the differences between egalitarian views can be appreciated not only in inequality analysis but also as regards the ideal egalitarian distribution to be established. In this paper, three intergenerational egalitarian principles (CompleteLivesEgalitarianism, Corresponding Segments Egalitarianism and SimultaneousSegmentsEgalitarianism) are analysed and CSE …
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Income Distribution and Growth
This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South Korea, whereas it stimulates growth in Canada, Australia, Argentina, Mexico, China, India, and South Africa. However, a simultaneous decline in the wage share in all these countries leads to a…
The Origins of Capitalism as a Social System
The Origins of Capitalism as a Social System: The Prevalence of an Aleatory Encounter." Review of Political Economy, 34(3), pp. 598–599
Climate Change, Financial Stability and Monetary Policy
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Income Distribution and Growth
This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South Korea, whereas it stimulates growth in Canada, Australia, Argentina, Mexico, China, India, and South Africa. However, a simultaneous decline in the wage share in all these countries leads to a…
Defining just transition
International audience
Incorporating Social Determinants of Health into Modelling of Covid-19 and other Infectious Diseases
The impact of financialisation on public health in times of Covid‐19 and beyond
The substantial literature in political economy and sociology has shown that the increasing importance of financial activities (financialisation) exhibits significant effects on many socioeconomic conditions. While these conditions are relevant to public health, the dominant focus of the literature has been centred on the impact of financial markets on health services and health‐care systems. This paper analyses how the financialisation of non‐fi…
A dynamic model of global value network governance
This paper presents a novel understanding of the changing governance structures in global supply chains. Motivated by the global garment sector, we develop a geographical political economy dynamic model that reflects the interaction between bargaining power and distribution of value among buyer and producer firms. We find that the interplay between these two forces, in combination with the spatial specificities of global production and consolidat…
Systemic cycles of accumulation and chaos in the world capitalist system
We re-examine the systemic cycles of accumulation (SCA) of Arrighi (2010) and Arrighi and Silver (1999) which provide a framework for the analysis of the cyclical patterns of geographical expansion of trade and production and the related shifts of hegemonic power within the world capitalist system. Within the SCA framework, the last stage of a hegemonic cycle is characterized by what is called 'systemic chaos'. However, the drivers of these dynam…
EU-induced financialisation and its impact on the Greek wage share, 1999–2021
This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household indebtedness. Building on recent research which shows that financialisat…
Socioeconomic conditions and contagion dynamics of the Covid-19 pandemic with and without mitigation measures
It is well documented that COVID-19 contagion and mortality rates differed systematically across countries. Less is known, however, on whether these differences could be explained by socioeconomic conditions that may determine both the extent to which individuals voluntarily take protection measures in the absence of Non-Pharmaceutical Interventions (NPIs) or comply with imposed NPIs, when these are in place. Using data from 185 countries, we exa…
Income Distribution and Growth
This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South Korea, whereas it stimulates growth in Canada, Australia, Argentina, Mexico, China, India, and South Africa. However, a simultaneous decline in the wage share in all these countries leads to a…
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Equality of when
This paper analyses the temporal unit of egalitarian concern. In the intertemporal context, the differences between egalitarian views can be appreciated not only in inequality analysis but also as regards the ideal egalitarian distribution to be established. In this paper, three intergenerational egalitarian principles (CompleteLivesEgalitarianism, Corresponding Segments Egalitarianism and SimultaneousSegmentsEgalitarianism) are analysed and CSE …
Climate Change, Financial Stability and Monetary Policy
The impact of financialisation on public health in times of Covid‐19 and beyond
The substantial literature in political economy and sociology has shown that the increasing importance of financial activities (financialisation) exhibits significant effects on many socioeconomic conditions. While these conditions are relevant to public health, the dominant focus of the literature has been centred on the impact of financial markets on health services and health‐care systems. This paper analyses how the financialisation of non‐fi…
A dynamic model of global value network governance
This paper presents a novel understanding of the changing governance structures in global supply chains. Motivated by the global garment sector, we develop a geographical political economy dynamic model that reflects the interaction between bargaining power and distribution of value among buyer and producer firms. We find that the interplay between these two forces, in combination with the spatial specificities of global production and consolidat…
Incorporating Social Determinants of Health into Modelling of Covid-19 and other Infectious Diseases
Socioeconomic conditions and contagion dynamics of the Covid-19 pandemic with and without mitigation measures
It is well documented that COVID-19 contagion and mortality rates differed systematically across countries. Less is known, however, on whether these differences could be explained by socioeconomic conditions that may determine both the extent to which individuals voluntarily take protection measures in the absence of Non-Pharmaceutical Interventions (NPIs) or comply with imposed NPIs, when these are in place. Using data from 185 countries, we exa…
Financialisation, shareholder value orientation, and the decline of trade union membership in the EU
This article shows that an orientation towards shareholder value and corporate indebtedness at non-financial firms have been negatively associated with union density in the EU over the past 21 years. We argue that the financialisation of non-financial firms makes them prioritise their ‘external (economic) balance’ at the expense of a cooperative ‘internal equilibrium’ model. In other words, corporate financialisation pushes non-financial firms to…
The Origins of Capitalism as a Social System
The Origins of Capitalism as a Social System: The Prevalence of an Aleatory Encounter." Review of Political Economy, 34(3), pp. 598–599
Defining just transition
International audience
EU-induced financialisation and its impact on the Greek wage share, 1999–2021
This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household indebtedness. Building on recent research which shows that financialisat…
Systemic cycles of accumulation and chaos in the world capitalist system
We re-examine the systemic cycles of accumulation (SCA) of Arrighi (2010) and Arrighi and Silver (1999) which provide a framework for the analysis of the cyclical patterns of geographical expansion of trade and production and the related shifts of hegemonic power within the world capitalist system. Within the SCA framework, the last stage of a hegemonic cycle is characterized by what is called 'systemic chaos'. However, the drivers of these dynam…
Financialisation, Underemployment and the Disconnected Greek Capitalism
Recent contributions within the disconnected capitalism literature argue that personal financial insecurity related to household indebtedness and pension fund financialisation is positively associated with time‐related underemployment. This is because financially insecure workers are more likely to accept worsening working conditions on the fear of losing their job and defaulting on their debts. Using quarterly data from the Eurostat for the peri…
Economics (14 works) · Political science (7 works) · Economic Theory and Policy (5 works) · Business (4 works) · Economic growth (4 works) · Housing, Finance, and Neoliberalism (4 works) · Political Economy and Marxism (4 works) · Psychology (4 works) · Sociology (4 works) · Capitalism (3 works)