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 consisten...
Disimpan dalam:
| Pengarang Utama: | |
|---|---|
| Format: | Buku |
| Bahasa: | English |
| Diterbitkan: |
Basingstoke ; New York :
Pelgrave Macmillan,
2008.
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| Subjek-subjek: | |
| Penanda-penanda: |
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| 008 | 070531s2008 enka b 001 0 eng | ||
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| 015 | |a GBA732706 |2 bnb | ||
| 016 | 7 | |a 013735620 |2 Uk | |
| 020 | |a 0230521576 (alk. paper) | ||
| 020 | |a 9780230521575 (alk. paper) | ||
| 035 | 0 | |a ocn137331486 | |
| 040 | |a DLC |c DLC |d BAKER |d YDXCP |d C#P |d UKM | ||
| 050 | 0 | 0 | |a HG230.3 |b .H443 2008 |
| 082 | 0 | 0 | |a 339.5/3 |2 22 |
| 100 | 1 | |a Hein, Eckhard, |d 1963- | |
| 245 | 1 | 0 | |a Money, distribution conflict and capital accumulation : |b contributions to 'monetary analysis' / |c Eckhard Hein. |
| 260 | |a Basingstoke ; |a New York : |b Pelgrave Macmillan, |c 2008. | ||
| 300 | |a xiv, 214 p. : |b ill. ; |c 23 cm. | ||
| 504 | |a Includes bibliographical references (p. 189-209) and index. | ||
| 505 | 2 | |a Foreword / by Philip Arestis -- Acknowledgements -- List of figures and tables -- List of variables -- Introduction -- 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 -- Marx's 'monetary theory of value' -- The level of prices, the rejection of Say's Law and the endogeneity of money -- Credit, rate of interest and rate of profit -- Implications of Marx's monetary analysis for the theory of accumulation and crisis -- Keynes's 'monetary theory of production' and the post-Keynesian research programme -- Keynes's 'monetary theory of production' -- The development of the post-Keynesian research programme -- | |
| 505 | 2 | |a Fundamental uncertainty, liquidity premium and the interest rate -- Interest rate, profit rate and investment -- Exogenous interest rate and endogenous credit and money -- The horizontalist view -- The structuralist view -- A reconciliation? -- Summary of post-Keynesian monetary analysis -- Real and monetary analysis in economic paradigms: summary and implications for the analysis of monetary policy, distribution and capital accumulation -- 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 -- Production, prices, interest, and credit -- Endogenous money, credit and finance in a monetary circuit -- Interest rate and functional income distribution -- The rate of interest in the Kaldor-Robinson-model of distribution and growth -- The model -- Limitations of the model -- | |
| 505 | 2 | |a The rate of interest in Kaleckian models of distribution and growth -- The basic structure: endogenous rate of capacity utilisation, mark-up pricing, and classical saving hypothesis -- The choice of the investment function -- The rate of interest in the Rowthorn-Dutt-Amadeo-model -- The rate of interest in the Bhaduri/Marglin-model -- Kaleckian models extended -- Extensions -- The debt-capital-ratio -- Interest rate and the mark-up -- Interest rate and saving -- The Rowthorn-Dutt-Amadeo-model extended -- The basic model -- Short-run equilibrium -- Long-run equilibrium -- Model behaviour in the face of interest rate variations: a simple case -- The Bhaduri/Marglin-model extended -- The basic model -- Short-run equilibrium -- Long-run equilibrium -- Model behaviour in the face of interest rate variations: a simple case -- Interest rate, distribution and accumulation in post-Keynesian models: -- Summary and conclusions -- | |
| 505 | 2 | |a 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 -- Introduction -- The basic model -- Employment, wage bargaining and inflation: the GERE and the SIRE -- The short-run stability of the NAIRU/the SIRE -- No monetary policy intervention -- Monetary policy intervention -- The long-run endogeneity of the NAIRU/the SIRE -- Results and implications for monetary policy and wage bargaining -- On the (in-)stability and the endogeneity of the normal rate of capacity -- Utilisation in a post-Keynesian/Kaleckian 'monetary' distribution and growth model -- Introduction -- The basic model -- Capacity utilisation, wage bargaining, inflation and monetary policy -- Intervention: the GERCU and the SIRCU -- | |
| 505 | 2 | |a Short-run stability of the SIRCU and monetary policy interventions -- The long-run endogeneity of the SIRCU -- The paradox of thrift and the paradox of costs -- The paradox of thrift -- The paradox of costs -- Conclusions -- Summary and conclusions -- Notes -- References -- Index. | |
| 520 | 1 | |a "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 consistent 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 underutilization 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."--Jacket. | |
| 650 | 0 | |a Monetary policy. | |
| 650 | 0 | |a Saving and investment. | |
| 650 | 0 | |a Credit. | |
| 650 | 0 | |a Kaleckian Model of Growth and Distribution. | |
| 650 | 7 | |a Credit. |2 fast |0 (OCoLC)fst00882525 | |
| 650 | 7 | |a Monetary policy. |2 fast |0 (OCoLC)fst01025230 | |
| 650 | 7 | |a Saving and investment. |2 fast |0 (OCoLC)fst01105959 | |
| 776 | 0 | 8 | |i Online version: |a Hein, Eckhard, 1963- |t Money, distribution conflict and capital accumulation. |d Basingstoke ; New York : Pelgrave Macmillan, 2008 |w (OCoLC)654403477 |
| 988 | |a 20080306 | ||
| 906 | |0 DLC | ||