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 65
... investment finance has a prominent role to play in the investment function . With a given amount of own capital , creditor's and borrower's risks rise with increasing investment financed by means of credit . Therefore an increasing risk ...
... investment finance has a prominent role to play in the investment function . With a given amount of own capital , creditor's and borrower's risks rise with increasing investment financed by means of credit . Therefore an increasing risk ...
Page 91
... function which has already been used in the Kaldor - Robinson model above : σ = S = pk pk = = Sпr = Sɲhu , 0 < Sп ≤ 1 . ( II.8 ) So far , we have outlined the common elements of the different vari- ants of ... investment function 888.
... function which has already been used in the Kaldor - Robinson model above : σ = S = pk pk = = Sпr = Sɲhu , 0 < Sп ≤ 1 . ( II.8 ) So far , we have outlined the common elements of the different vari- ants of ... investment function 888.
Page 92
Contributions to 'Monetary Analysis' Eckhard Hein. according to Kalecki , the investment function is then simplified and the rate of capital accumulation is supposed to depend positively on the rate of profit ( Kalecki 1969 , pp . 7-10 ) ...
Contributions to 'Monetary Analysis' Eckhard Hein. according to Kalecki , the investment function is then simplified and the rate of capital accumulation is supposed to depend positively on the rate of profit ( Kalecki 1969 , pp . 7-10 ) ...
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 |