Political Economy Research Group (PERG)

The political economy approach highlights the role of effective demand, institutions and social conflict in economic analysis and thereby builds on Austrian, Institutionalist, Keynesian and Marxist traditions. Economic processes are perceived to be embedded in social relations that must be analysed in the context of historical considerations, power relations and social norms. As a consequence, a broad range of methodological approaches is employed, and cooperation with other disciplines, including history, law, sociology and other social sciences, is necessary.

Course information

• Economics (Political Economy) MA

PERG newsletter

• PERG Newsletter, Issue 2 - Spring 2012 (PDF file, 80 KB)
• PERG Newsletter, Issue 1 - Spring 2011 (PDF file, 49 KB)

To receive our newsletter (about twice a year), please send an email to perg@kingston.ac.uk

Recent publications

• Milios, J, and Sotiropoulos, D (2011), Imperialism, Financial Markets and Crisis, Athens: Nisos [in Greek]
• Mohun, S and Veneziani, R (2011), Reorienting Economics? [doi: 10.1177/0048393110376218], Philosophy of the Social Sciences
• Sotiropoulos, D, Milios, J, and Lapatsioras, S (2011), Demystifying Finance: How to Understand Financialization and Think of Strategies for a Good Society, in Marangos, J (ed.) Alternative Perspectives of a Good Society, Palgrave Macmillan
• Sotiropoulos, D (2011), Kalecki's dilemma: towards a Marxian interpretation of neoliberal financialization, Rethinking Marxism, 23(1): 100-116
• Brown, V and Mohun S (2011), The UK Interwar Rate of Profit 1920-38, Cambridge Journal of Economics, 35(6): 1035-59 [doi: 10.1093/cje/ber013]
• Stockhammer, E, (2011), Wage norms, capital accumulation and unemployment, Oxford Review of Economic Policy
• Stockhammer, E, (2011), Peripheral Europe's debt and German wages, International Journal of Public Policy
• Murphy, Fidelma, and McDonough, Terrence (2011), The spatial restructuring of work and Maquiladoras of the automotive industry, Cambridge Journal of Regions, Economy and Society
• Stockhammer, E, Stehrer, R (2011), Goodwin or Kalecki in demand? Functional income distribution and aggregate demand in the short run, Review of Radical Political Economics
• Stockhammer, Engelbert (2011), Financialization and the Global Economy, in Gerald Epstein and Martin H Wolfson (eds.): The Political Economy of Financial Crises, Oxford University Press
• Levina, Iren and Costas Lapavitsas (2010), Financial Profit: Profit From Production and Profit Upon Alienation, RMF Discussion Paper No. 24
• Stockhammer, Engelbert (2010), Neoliberalism, Income Distribution and the Causes of the Crisis, in P Arestis, R Sobreira, J Oreiro (eds.): The 2008 Financial Crisis, Financial Regulation and Global Impact, Volume 1 The Financial Crisis: Origins and Implications, working paper version RMF Discussion Paper 19