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 32
Page xiv
... real wage rates of V W W WI w workers and firms capital - potential output ratio wages nominal wage rate real wage rate labour unions ' or workers ' target real wage rate w firms ' target real wage rate Y output Y potential output ...
... real wage rates of V W W WI w workers and firms capital - potential output ratio wages nominal wage rate real wage rate labour unions ' or workers ' target real wage rate w firms ' target real wage rate Y output Y potential output ...
Page 81
... real wage rate and the labour income share will not be affected . A change in the interest rate will hence not affect distribution between wages ... real wages and the labour income share will immediately be affected : Rising ( falling ) ...
... real wage rate and the labour income share will not be affected . A change in the interest rate will hence not affect distribution between wages ... real wages and the labour income share will immediately be affected : Rising ( falling ) ...
Page 85
... real wages and income shares . The real wage rate remains a residual variable which adjusts passively to decisions about consumption and investment demand and hence to goods market processes . Only the ' inflation bar- rier ' ( Robinson ...
... real wages and income shares . The real wage rate remains a residual variable which adjusts passively to decisions about consumption and investment demand and hence to goods market processes . Only the ' inflation bar- rier ' ( Robinson ...
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 |