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. |
From inside the book
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Page 19
... aggregate demand . A lack of aggregate demand may only arise if there are no resources devoted to the production of money . Therefore , money has to be non - commodity money to sustain the critique of Say's law in Marx's ' possibility ...
... aggregate demand . A lack of aggregate demand may only arise if there are no resources devoted to the production of money . Therefore , money has to be non - commodity money to sustain the critique of Say's law in Marx's ' possibility ...
Page 21
... Aggregate supply will then exceed aggregate demand and the economy will suffer from unused productive capacity and unemployment . So far Marx's ' possibility theory of crisis ' takes us . In order to come closer to an ' actual theory of ...
... Aggregate supply will then exceed aggregate demand and the economy will suffer from unused productive capacity and unemployment . So far Marx's ' possibility theory of crisis ' takes us . In order to come closer to an ' actual theory of ...
Page 31
... aggregate demand from aggregate supply , because in real exchange demand is always equal to supply by definition . In the real - wage or co - operative economy , economic agents make use of money , but only as means of exchange in order ...
... aggregate demand from aggregate supply , because in real exchange demand is always equal to supply by definition . In the real - wage or co - operative economy , economic agents make use of money , but only as means of exchange in order ...
Contents
Money Distribution Conflict and Capital | 1 |
Banking School | 13 |
Keyness Monetary Theory of Production and | 30 |
Copyright | |
12 other sections not shown
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Money, Distribution Conflict and Capital Accumulation: Contributions to ... E. Hein Limited preview - 2007 |
Common terms and phrases
assumed base rate Bhaduri/Marglin model capacity utilization capital accumulation capital stock capitalist central bank central bank money chapter circulation commercial banks commodity credit money debt determined distribution and growth distribution conflict Edward Elgar effective demand effects of interest employment equation equilibrium debt-capital ratio finance firms GERCU GERE growth models hence increasing inflation rates interest rate variations internal funds investment function Journal of Economics Kaldor Kalecki Kaleckian models Keynes Keynes's Keynesian Lavoie liquidity preference long-run equilibrium long-term macroeconomic Marx Michal Kalecki monetary analysis monetary circuit monetary policy interventions monetary theory monetary variables NAIRU Neo-Ricardian nominal wages normal rate output Post-Keynesian production profit of enterprise profit rate profit share propensity to save rate of capacity rate of interest rate of profit real analysis real interest rate real wage rate rentiers Rowthorn-Dutt-Amadeo model Say's law short-run SIRCU SIRE stable target real wage theory of money wage bargaining wage-led
References to this book
Finance-led Capitalism?: Macroeconomic Effects of Changes in the Financial ... Eckhard Hein No preview available - 2008 |