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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Page vi
... Monetary Theory and the Models of Distribution and Growth The Model Economy 10.1 Production, prices, interest, and credit 10.2 Endogenous money, credit and finance in a monetary circuit 10.3 Interest rate and functional income ...
... Monetary Theory and the Models of Distribution and Growth The Model Economy 10.1 Production, prices, interest, and credit 10.2 Endogenous money, credit and finance in a monetary circuit 10.3 Interest rate and functional income ...
Page xi
... Monetary circuit III.1 Employment rate and distribution conflict: no wage bargaining coordination III.2 Long-run endogeneity of the Stable Inflation Rate of Employment (SIRE) caused by monetary policy intervention: the horizontal 'long ...
... Monetary circuit III.1 Employment rate and distribution conflict: no wage bargaining coordination III.2 Long-run endogeneity of the Stable Inflation Rate of Employment (SIRE) caused by monetary policy intervention: the horizontal 'long ...
Page 4
... policies applying the interest rate tool in modern credit money economies, which are characterized by the autonomy of investment from saving also in the long run, the ... monetary circuit in chapter 10. Then, this model will 2 Introduction.
... policies applying the interest rate tool in modern credit money economies, which are characterized by the autonomy of investment from saving also in the long run, the ... monetary circuit in chapter 10. Then, this model will 2 Introduction.
Page 5
Contributions to 'Monetary Analysis' E. Hein. a monetary circuit in chapter 10. Then, this model will be used to analyse and to compare the effects of changes in the interest rate induced by monetary policies in the different variants of ...
Contributions to 'Monetary Analysis' E. Hein. a monetary circuit in chapter 10. Then, this model will be used to analyse and to compare the effects of changes in the interest rate induced by monetary policies in the different variants of ...
Page 13
Contributions to 'Monetary Analysis' E. Hein. 4. Monetary. Analysis. in. Classical. Economics: Banking. School. and. Neo-Ricardian. Monetary ... circuit and a credit circuit. Whereas 'paper money' issued by the state can exceed the amount ...
Contributions to 'Monetary Analysis' E. Hein. 4. Monetary. Analysis. in. Classical. Economics: Banking. School. and. Neo-Ricardian. Monetary ... circuit and a credit circuit. Whereas 'paper money' issued by the state can exceed the amount ...
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