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 19
... demand for the economy as a whole and may therefore trigger a general crisis . A ' general glut'22 can , however , only occur if the demand for money as a store of value does not constitute a demand for production . If money is a ...
... demand for the economy as a whole and may therefore trigger a general crisis . A ' general glut'22 can , however , only occur if the demand for money as a store of value does not constitute a demand for production . If money is a ...
Page 32
... demand . ( Keynes 1979 , p . 86 ) Secondly , monetary injections may not automatically offset monetary leakages from the monetary circuit . In a modern credit economy , mon- etary injections are independent of current income . They may ...
... demand . ( Keynes 1979 , p . 86 ) Secondly , monetary injections may not automatically offset monetary leakages from the monetary circuit . In a modern credit economy , mon- etary injections are independent of current income . They may ...
Page 51
... demand when it is supposed that the central bank accommodates . Lavoie ( 1996a ) argues that an increasing interest rate in the face of increasing economic activity and credit demand can only be attributed to central bank's non ...
... demand when it is supposed that the central bank accommodates . Lavoie ( 1996a ) argues that an increasing interest rate in the face of increasing economic activity and credit demand can only be attributed to central bank's non ...
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 |