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 85
... wages and income shares . The real wage rate remains a residual variable which adjusts passively to decisions about ... wages will have to rise . This supposes the goods market to be highly competitive and prices to adjust flexibly to ...
... wages and income shares . The real wage rate remains a residual variable which adjusts passively to decisions about ... wages will have to rise . This supposes the goods market to be highly competitive and prices to adjust flexibly to ...
Page 90
... wage share if the degree of monopoly and hence the mark - up is affected . Raising nominal wages in the labour market is therefore not a sufficient condition for an increasing wage share in our simple one good , constant technology ...
... wage share if the degree of monopoly and hence the mark - up is affected . Raising nominal wages in the labour market is therefore not a sufficient condition for an increasing wage share in our simple one good , constant technology ...
Page 141
... wage demands by workers , but it may also trigger rising profit claims by firms and hence rising mark - ups . And as firms set prices in the goods markets after nominal wages have been set in the labour market , we could also suppose a ...
... wage demands by workers , but it may also trigger rising profit claims by firms and hence rising mark - ups . And as firms set prices in the goods markets after nominal wages have been set in the labour market , we could also suppose a ...
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 |