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 25
... rate of profit to be determined by the distribution conflict between capital and labour . With the technical conditions of production given , the rate of profit is determined by the real wage rate . In the second stage , the rate of ...
... rate of profit to be determined by the distribution conflict between capital and labour . With the technical conditions of production given , the rate of profit is determined by the real wage rate . In the second stage , the rate of ...
Page 80
... rate of profit ( r ) , the rate of profit of enterprise ( r ) and the interest rate ( i ) we get : Π r = pk Πη + Ζ pk = = r2 + i . ( II.5 ) Retained profits contribute to ' final finance ' of net investment in cap- ital stock , together ...
... rate of profit ( r ) , the rate of profit of enterprise ( r ) and the interest rate ( i ) we get : Π r = pk Πη + Ζ pk = = r2 + i . ( II.5 ) Retained profits contribute to ' final finance ' of net investment in cap- ital stock , together ...
Page 83
... profit rate , the rate of capacity utilization , and the real wage rate , or the profit share . The assumption from equation ( II.7 ) , full or ' normal ' utilization of the capital stock in long - period growth equi- librium , implies ...
... profit rate , the rate of capacity utilization , and the real wage rate , or the profit share . The assumption from equation ( II.7 ) , full or ' normal ' utilization of the capital stock in long - period growth equi- librium , implies ...
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 |