## 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. |

### From inside the book

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Page 81

The

and the interest share (h') in nominal income. The same is true for the mark-up,

which can be decomposed in a part covering profits of enterprise and a part

covering ...

The

**profit share**can also be decomposed in the profit of enterprise share (hn)and the interest share (h') in nominal income. The same is true for the mark-up,

which can be decomposed in a part covering profits of enterprise and a part

covering ...

Page 94

A constant profit rate in the face of increasing capacity utilization would imply a

falling

explicitly enter into the accumulation function. Therefore, a dominant effect of

capacity ...

A constant profit rate in the face of increasing capacity utilization would imply a

falling

**profit share**. The**profit share**or the real wage rate, however, does notexplicitly enter into the accumulation function. Therefore, a dominant effect of

capacity ...

Page 136

Considering the distribution effects of interest rate variations, we shall now

assume that the mark-up in equation (III. 2) - and hence the

equation (III.3) - is interest-inelastic in the short run, but that it is interest-elastic in

the long run ...

Considering the distribution effects of interest rate variations, we shall now

assume that the mark-up in equation (III. 2) - and hence the

**profit share**inequation (III.3) - is interest-inelastic in the short run, but that it is interest-elastic in

the long run ...

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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 |