Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books 1 - 5 of 5 on Now, it is clear that they may decide to consume and to invest more in a certain....
" Now, it is clear that they may decide to consume and to invest more in a certain short period than in the preceding period, but they cannot decide to earn more. It is therefore their investment and consumption decisions which determine profits, and not... "
A History of Post Keynesian Economics Since 1936 - Page 38
by J. E. King - 2002 - 316 pages
Limited preview - About this book

Selected Essays on the Dynamics of the Capitalist Economy 1933-1970

Michal Kalecki - Business & Economics - 1971 - 193 pages
...capitalists may 78 decide to consume and to invest more in a given period than in the preceding one, but they cannot decide to earn more. It is, therefore,...consumption decisions which determine profits, and not vice versa. If the period which we consider is short, we may say that the capitalists' investment and...
Limited preview - About this book

Growth and income distribution : essays in economic theory

1979
...one-way (causal) process through which profits are determined. 'It is ... their [ie the capitalists'] investment and consumption decisions which determine profits, and not the other way round' (p. 259). It is interesting that the procedure of recasting Keynesian theories in terms of simultaneous...
Limited preview - About this book

Theory of Production: A Long-Period Analysis

Heinz D. Kurz, Neri Salvadori - Business & Economics - 1997 - 571 pages
...consumption. In a subsequent paper, he interpreted this equality by saying that it is capitalists' "investment and consumption decisions which determine...not the other way round" (Kalecki, 1942, p. 259). However, both Keynes's analysis in the General Theory and Kalecki's are predominantly short-period....
Limited preview - About this book

Joan Robinson: Critical Assessments of Leading Economists, Volume 2

Prue Kerr, Geoffrey Colin Harcourt - Economics - 2002 - 320 pages
...question depends on which of these quantities is directly subject to the decisions of capitalists. Now, it is clear that they may decide to consume and to...which determine profits, and not the other way round. If the period which we consider is short, we may say that capitalists' investment and consumption are...
Limited preview - About this book

On Political Economists and Modern Political Economy: Selected Essays of G C ...

Geoffrey Colin Harcourt - Capital - 2003 - 444 pages
...capitalists' consumption, Pasinetti quotes from Kalecki (1942: 259): 'It is ... [the capitalists'] investment and consumption decisions which determine profits, and not the other way round.' We should also refer in this context to Joan Robinson's important distinction between equilibrium and...
Limited preview - About this book




  1. My library
  2. Help
  3. Advanced Book Search