Money, Distribution Conflict and Capital Accumulation: Contributions to 'Monetary Analysis'This book demonstrates that 'monetary analysis', as contained in Post-Keynesian monetary theories, but also in the Neo-Ricardian monetary theory of distribution and in Marx's monetary analysis, can be integrated into Post-Keynesian models of distribution of growth in a convincing way. |
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Results 1-5 of 81
Page xiii
... firms e employment rate eN employment rate with consistent target real wage rates of workers and firms F firm sector g accumulation rate, growth rate of the real capital stock HH household sector HH w workers' households rentiers ...
... firms e employment rate eN employment rate with consistent target real wage rates of workers and firms F firm sector g accumulation rate, growth rate of the real capital stock HH household sector HH w workers' households rentiers ...
Page xiv
... firms v capital–potential output ratio W wages w nominal wage rate wr real wage rate wrb labour unions' or workers' target real wage rate wrp firms' target real wage rate Y output Yv potential output determined by the capital stock y ...
... firms v capital–potential output ratio W wages w nominal wage rate wr real wage rate wrb labour unions' or workers' target real wage rate wrp firms' target real wage rate Y output Yv potential output determined by the capital stock y ...
Page 5
... firms' pricing, and hence distribution between firms, rentiers' and workers' households, but not the inflation rate. In the third part of the book we will then take into account the inflationary consequences of distribution conflict and ...
... firms' pricing, and hence distribution between firms, rentiers' and workers' households, but not the inflation rate. In the third part of the book we will then take into account the inflationary consequences of distribution conflict and ...
Page 11
... firms' optimization behaviour, which relates the output gap inversely to the real interest rate, 2. an expectations-augmented Phillips curve which makes the rate of inflation positively dependent on the output gap in the short run, and ...
... firms' optimization behaviour, which relates the output gap inversely to the real interest rate, 2. an expectations-augmented Phillips curve which makes the rate of inflation positively dependent on the output gap in the short run, and ...
Page 14
... firms' normal costs which have to be covered by production prices. The rate of profit of enterprise (rn) is taken as given and is determined by the 'risks and troubles' of real investment. The rate of interest (i) and the rate of profit ...
... firms' normal costs which have to be covered by production prices. The rate of profit of enterprise (rn) is taken as given and is determined by the 'risks and troubles' of real investment. The rate of interest (i) and the rate of profit ...
Contents
xiii | |
3 | |
6 | |
Interest Rate Distribution and Capital Accumulation PostKeynesian Models | 59 |
Distribution Conflict Inflation and Monetary Policy in a Credit Economy | 128 |
Notes | 177 |
References | 189 |
Index | 210 |
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Common terms and phrases
adjustment amount applying approach associated assumed becomes capacity utilization capital accumulation capital stock capitalist cause central bank changes chapter circuit Classical commercial banks commodity considered constant costs curve debt debt–capital ratio decisions demand depends determined developed discussed distribution and growth economy effective demand effects employment endogenous equation equilibrium expectations extended falling finance firms follows function funds GERCU GERE given hence hold households income increasing inflation inflation rates initial internal investment Kalecki Kaleckian models Keynesian labour Lavoie liquidity long-run long-run equilibrium long-term mark-up Marx Marx’s means monetary theory NAIRU negative nominal normal output payment positive Post-Keynesian production profit share propensity quantity rate of capacity rate of interest rate of profit real interest rates relation rentiers requires respect retained rising risk saving sector short short-run SIRCU SIRE stable supply tion variable