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
... rentiers' income C consumption out of profits c z propensity to consume out of rentiers' income D deposits E employment EN employment with consistent target real wage rates of workers and firms e employment rate eN employment rate with ...
... rentiers' income C consumption out of profits c z propensity to consume out of rentiers' income D deposits E employment EN employment with consistent target real wage rates of workers and firms e employment rate eN employment rate with ...
Page xiv
... 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 rate of capacity utilization with consistent target real wage rates of workers and ...
... 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 rate of capacity utilization with consistent target real wage rates of workers and ...
Page 5
... 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 monetary policy reactions fighting accelerating or ...
... 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 monetary policy reactions fighting accelerating or ...
Page 15
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Page 58
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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