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 84
... equilibrium condition : The goods mar- ket equilibrium requires the equality of the accumulation rate and the saving rate . The equilibrium will be stable , if saving responds more elas- tically to the endogenous variable of the model ...
... equilibrium condition : The goods mar- ket equilibrium requires the equality of the accumulation rate and the saving rate . The equilibrium will be stable , if saving responds more elas- tically to the endogenous variable of the model ...
Page 109
... equilibrium will tend to become unstable . The conditions for long - run instability are associated with short - run ' normal ' negative effects of interest rate hikes on capacity utilization , capital accumulation and the profit rate ...
... equilibrium will tend to become unstable . The conditions for long - run instability are associated with short - run ' normal ' negative effects of interest rate hikes on capacity utilization , capital accumulation and the profit rate ...
Page 113
... equilibrium debt- capital ratio should then have a stimulating effect on the equilibrium accumulation rate , countervailing the short - run effect . In the long run , the equilibrium rate of capital accumulation will rise , also in the ...
... equilibrium debt- capital ratio should then have a stimulating effect on the equilibrium accumulation rate , countervailing the short - run effect . In the long run , the equilibrium rate of capital accumulation will rise , also in the ...
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 |