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. |
From inside the book
Results 1-3 of 36
Page 31
... money may be used as a store of value and there may hence be leakages from the monetary circuit . However , these leakages are exactly offset by injections of the same amount by an endogenous economic process , and aggregate demand is ...
... money may be used as a store of value and there may hence be leakages from the monetary circuit . However , these leakages are exactly offset by injections of the same amount by an endogenous economic process , and aggregate demand is ...
Page 70
... money are therefore endogenous to the accumulation process . 10.2 Endogenous money , credit and finance in a monetary circuit The endogeneity of credit and money will now be analysed in more detail using a monetary circuit framework .
... money are therefore endogenous to the accumulation process . 10.2 Endogenous money , credit and finance in a monetary circuit The endogeneity of credit and money will now be analysed in more detail using a monetary circuit framework .
Page 78
... circuit will take place at the start of the next circuit or during future circuits , as assumed by Rochon ( 2005 ) . But it remains true that the means to pay interest have to be injected into the circuit by the commer- cial banks . If ...
... circuit will take place at the start of the next circuit or during future circuits , as assumed by Rochon ( 2005 ) . But it remains true that the means to pay interest have to be injected into the circuit by the commer- cial banks . If ...
Contents
Money Distribution Conflict and Capital | 1 |
Banking School | 13 |
Keyness Monetary Theory of Production and | 30 |
Copyright | |
12 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 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 |