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 32
... effective 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 ...
... effective 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 ...
Page 70
... effective demand : However important a role liquidity preference may play in Keynes ' monetary theory , it is entirely immaterial to his theory of effective demand . What this theory requires , as far as the rate of interest is ...
... effective demand : However important a role liquidity preference may play in Keynes ' monetary theory , it is entirely immaterial to his theory of effective demand . What this theory requires , as far as the rate of interest is ...
Page 134
... effective demand ' ( Galbraith 1997 ; Davidson 1998 ) . On the other hand , in Post - Keynesian models the cause of accelerating inflation is usually attributed to unresolved conflict over the distribution of income , in particular ...
... effective demand ' ( Galbraith 1997 ; Davidson 1998 ) . On the other hand , in Post - Keynesian models the cause of accelerating inflation is usually attributed to unresolved conflict over the distribution of income , in particular ...
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 |