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 xiii
... profit share in nominal income hi interest share in nominal income hn share of profits of enterprise in nominal income I investment Ig gross investment In net investment i ('real') long-term interest rate i b rate of interest set by ...
... profit share in nominal income hi interest share in nominal income hn share of profits of enterprise in nominal income I investment Ig gross investment In net investment i ('real') long-term interest rate i b rate of interest set by ...
Page xiv
... money r rate of profit rn rate of profit of enterprise S saving Sz saving out of rentiers' income sc retention ratio sz propensity to save out of rentiers' income s propensity to save out of profits u rate of capacity utilization uN ...
... money r rate of profit rn rate of profit of enterprise S saving Sz saving out of rentiers' income sc retention ratio sz propensity to save out of rentiers' income s propensity to save out of profits u rate of capacity utilization uN ...
Page 14
... profit determined by the rate of interest. This closure was already suggested by Sraffa himself: The rate of profits ... profit of enterprise (rn) is taken as given and is determined by the 'risks and troubles' of real investment. The ...
... profit determined by the rate of interest. This closure was already suggested by Sraffa himself: The rate of profits ... profit of enterprise (rn) is taken as given and is determined by the 'risks and troubles' of real investment. The ...
Page 24
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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