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 v
... Real and Monetary Analysis in Economic Paradigms 5 Real and Monetary Analysis in Economic Paradigms: Introduction to Part I 7 3 Real Analysis in Classical, Neoclassical, Neoclassical Synthesis, Monetarist, New Classical, New Keynesian ...
... Real and Monetary Analysis in Economic Paradigms 5 Real and Monetary Analysis in Economic Paradigms: Introduction to Part I 7 3 Real Analysis in Classical, Neoclassical, Neoclassical Synthesis, Monetarist, New Classical, New Keynesian ...
Page vi
Contributions to 'Monetary Analysis' E. Hein. 6.4 Interest rate, profit rate and investment 6.5 Exogenous interest rate and endogenous credit and money 6.6 Summary of Post-Keynesian monetary analysis Real and Monetary Analysis in ...
Contributions to 'Monetary Analysis' E. Hein. 6.4 Interest rate, profit rate and investment 6.5 Exogenous interest rate and endogenous credit and money 6.6 Summary of Post-Keynesian monetary analysis Real and Monetary Analysis in ...
Page xiii
Contributions to 'Monetary Analysis' E. Hein. List. of. Variables. HHz l M Mc m mB a capitalists' propensity to accumulate ... real wage rates of workers and firms F firm sector g accumulation rate, growth rate of the real capital stock HH ...
Contributions to 'Monetary Analysis' E. Hein. List. of. Variables. HHz l M Mc m mB a capitalists' propensity to accumulate ... real wage rates of workers and firms F firm sector g accumulation rate, growth rate of the real capital stock HH ...
Page xiv
Contributions to 'Monetary Analysis' E. Hein. P production process p commodity price (level) q velocity of circulation of ... real wage rate wrb labour unions' or workers' target real wage rate wrp firms' target real wage rate Y output Yv ...
Contributions to 'Monetary Analysis' E. Hein. P production process p commodity price (level) q velocity of circulation of ... real wage rate wrb labour unions' or workers' target real wage rate wrp firms' target real wage rate Y output Yv ...
Page 3
... real analysis' and 'monetary analysis'. In 'real analysis', the equilibrium values of the economic system – that is, output, employment, distribution and growth – can be determined without any reference to monetary variables. In ...
... real analysis' and 'monetary analysis'. In 'real analysis', the equilibrium values of the economic system – that is, output, employment, distribution and growth – can be determined without any reference to monetary variables. In ...
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