## Money, Distribution Conflict and Capital Accumulation: Contributions to 'Monetary Analysis'This book examines real and monetary analysis in economic paradigms and looks at real analysis in a range of economic theories. The book also examines interest rate, distribution and capital accumulation through post-Keynesian models, including the Kaldor-Robinson and Kaleckian models, and distribution conflict, inflation and monetary policy in a credit economy. |

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Page 96

(1I.20) 3u 3u V

which now also depends on endogenously determined equilibrium capacity

utilization which may diverge from full or 'normal' utilization. Functional income ...

(1I.20) 3u 3u V

**Equation**(II. 1) defines the profit rate, the equilibrium value ofwhich now also depends on endogenously determined equilibrium capacity

utilization which may diverge from full or 'normal' utilization. Functional income ...

Page 136

The profit (n) share in nominal output (pY) is determined by the mark-up (

central bank. Considering the distribution effects of interest rate variations, we

shall now ...

The profit (n) share in nominal output (pY) is determined by the mark-up (

**equation**(III.3)). The interest rate (i) is an exogenous variable controlled by thecentral bank. Considering the distribution effects of interest rate variations, we

shall now ...

Page 156

(II1.20) 3u 3u v The rate of profit (r) in

share (h) and the rate of capacity utilization (u), assuming the capital-potential

output ratio (v) to be constant. Firms set prices (p) according to a markup (m) on

unit ...

(II1.20) 3u 3u v The rate of profit (r) in

**equation**(III.1) is determined by the profitshare (h) and the rate of capacity utilization (u), assuming the capital-potential

output ratio (v) to be constant. Firms set prices (p) according to a markup (m) on

unit ...

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### Contents

Money Distribution Conflict and Capital | 1 |

Introduction to Part I | 7 |

Banking School | 13 |

Copyright | |

11 other sections not shown

### Other editions - View all

Money, Distribution Conflict and Capital Accumulation: Contributions to ... E. Hein Limited preview - 2007 |

### Common terms and phrases

assumed base rate capacity utilization capital accumulation capital stock capitalist central bank central bank money chapter commercial banks commodity Consensus models credit money debt determined distribution and growth distribution conflict effective demand effects of changes effects of interest effects of monetary employment equation equilibrium debt-capital ratio equilibrium rate firms GERCU GERE growth models hence inflation rates interest rate variations internal funds investment decisions investment function Kaldor Kalecki Kaleckian models Keynes Keynes's Keynesian Lavoie liquidity preference long-run equilibrium long-term macroeconomic market equilibrium Marx Marx's monetary analysis monetary circuit monetary policy interventions monetary theory monetary variables NAIRU Neo-Ricardian nominal wage normal rate output paradox of thrift Phillips curve 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 Say's law short-run SIRCU SIRE supply target real wage wage bargaining wage-led

### References to this book

Finance-led Capitalism?: Macroeconomic Effects of Changes in the Financial ... Eckhard Hein No preview available - 2008 |