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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Money Distribution Conflict and Capital
Introduction to Part I
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adjustment amount applying approach associated assumed becomes capacity utilization capital accumulation capital stock capitalist cause central bank changes chapter circuit Classical commercial banks commodity considered constant costs curve debt debt-capital ratio decisions demand depends determined developed discussed distribution and growth economic effective demand effects employment endogenous equation equilibrium expectations extended falling finance firms follows function funds GERCU GERE given growth models Hein hence households income increasing inflation inflation rates initial internal investment Kalecki Kaleckian models Keynesian labour Lavoie liquidity long-run long-run equilibrium long-term mark-up Marx Marx's means monetary theory NAIRU negative nominal normal output payment positive Post-Keynesian production profit share propensity quantity rate of capacity rate of interest rate of profit real interest rate relation rentiers requires respect retained rising risk saving sector short short-run SIRCU SIRE stable supply tion variable