Opis: Money Distribution Conflict and Capital Accumulation - Eckhard Hein, E Hein

The 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. In particular, Kaleckian distribution and growth models turn out to be an adequate basis to start from, because these models already include major features of modern credit money economies: the long-run independence of investment from saving, the latent underutilisation of productive capacities also in the long run, and the conflict over the distribution of income. The integration of endogenous money and credit, as well as an exogenous monetary interest rate mainly determined by central bank policies into demand driven distribution and growth models also contributes to a Post-Keynesian alternative to New Consensus macroeconomics.Foreword; P.Arestis Introduction PART I: REAL AND MONETARY ANALYSIS IN ECONOMIC PARADIGMS Real and Monetary Analysis in Economic Paradigms: Introduction Real Analysis in Classical, Neoclassical, Neoclassical Synthesis, Monetarist, New Classical, New Keynesian, and New Consensus Theories Monetary Analysis in Classical Economics: Banking School and Neo-Ricardian Monetary Theory of Distribution Monetary Analysis in Marx's Economics Keynes's 'Monetary Theory of Production' and the Post-Keynesian Research Programme Real and Monetary Analysis in Economic Paradigms: Summary and Implications for the Analysis of Monetary Policy, Distribution and Capital Accumulation PART II: INTEREST RATE, DISTRIBUTION AND CAPITAL ACCUMULATION - POST-KEYNESIAN MODELS Interest Rate, Distribution and Capital Accumulation - Post-Keynesian Models: Introduction Post-Keynesian Monetary Theory and the Models of Distribution and Growth The Model Economy The Rate of Interest in the Kaldor-Robinson-model of Distribution and Growth The Rate of Interest in Kaleckian Models of Distribution and Growth Kaleckian Models Extended Interest Rate, Distribution and Accumulation in Post-Keynesian Models: Summary and Conclusions PART III: DISTRIBUTION CONFLICT, INFLATION AND MONETARY POLICY IN A CREDIT ECONOMY Distribution Conflict, Inflation and Monetary Policy in a Credit Economy: Introduction A Kaleckian Alternative to the New Consensus on Monetary Policy and Wage Bargaining: Trying to Make Sense of the NAIRU On the (In-)stability and the Endogeneity of the Normal Rate of Capacity Utilisation in a Post-Keynesian/Kaleckian 'Monetary' Distribution and Growth Model Summary and Conclusions

Szczegóły: Money Distribution Conflict and Capital Accumulation - Eckhard Hein, E Hein

Tytuł: Money Distribution Conflict and Capital Accumulation
Autor: Eckhard Hein, E Hein
Producent: Palgrave Macmillan
ISBN: 9780230521575
Rok produkcji: 2007
Ilość stron: 232
Oprawa: Twarda
Waga: 0.37 kg

Recenzje: Money Distribution Conflict and Capital Accumulation - Eckhard Hein, E Hein