skip to content
Money, distribution conflict and capital accumulation : contributions to 'monetary analysis' Preview this item
ClosePreview this item
Checking...

Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'

Author: Eckhard Hein
Publisher: New York : Pelgrave Macmillan, 2008.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Online version:
Hein, Eckhard, 1963-
Money, distribution conflict and capital accumulation.
Basingstoke ; New York : Pelgrave Macmillan, 2008
(OCoLC)654403477
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Eckhard Hein
ISBN: 0230521576 9780230521575
OCLC Number: 137331486
Description: xiv 214 pages : illustrations ; 23 cm
Contents: 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 --
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 --
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 --
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 --
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.
Responsibility: Eckhard Hein.
More information:

Abstract:

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  Read more...

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/137331486> # Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'
    a schema:CreativeWork, schema:Book ;
   library:oclcnum "137331486" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/nyu> ;
   library:placeOfPublication <http://dbpedia.org/resource/New_York_City> ; # New York
   schema:about <http://dewey.info/class/339.53/e22/> ;
   schema:about <http://id.worldcat.org/fast/882525> ; # Credit
   schema:about <http://id.worldcat.org/fast/1105959> ; # Saving and investment
   schema:about <http://id.worldcat.org/fast/1025230> ; # Monetary policy
   schema:about <http://id.worldcat.org/fast/1763223> ; # Kaleckian Model of Growth and Distribution
   schema:bookFormat bgn:PrintBook ;
   schema:creator <http://viaf.org/viaf/66785350> ; # Eckhard Hein
   schema:datePublished "2008" ;
   schema:description "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 -- 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 -- 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 -- 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 -- 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."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/891486221> ;
   schema:inLanguage "en" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/654403477> ;
   schema:name "Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'"@en ;
   schema:productID "137331486" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/137331486#PublicationEvent/new_york_pelgrave_macmillan_2008> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/891486221#Agent/pelgrave_macmillan> ; # Pelgrave Macmillan
   schema:reviews <http://www.worldcat.org/title/-/oclc/137331486#Review/-178691624> ;
   schema:url <http://swbplus.bsz-bw.de/bsz265635470vlg.htm> ;
   schema:url <http://www.loc.gov/catdir/enhancements/fy0727/2007022294-t.html> ;
   schema:url <http://catdir.loc.gov/catdir/enhancements/fy0727/2007022294-t.html> ;
   schema:url <http://swbplus.bsz-bw.de/bsz265635470inh.htm> ;
   schema:url <http://swbplus.bsz-bw.de/bsz265635470cov.htm> ;
   schema:workExample <http://worldcat.org/isbn/9780230521575> ;
   umbel:isLike <http://bnb.data.bl.uk/id/resource/GBA732706> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/137331486> ;
    .


Related Entities

<http://dbpedia.org/resource/New_York_City> # New York
    a schema:Place ;
   schema:name "New York" ;
    .

<http://experiment.worldcat.org/entity/work/data/891486221#Agent/pelgrave_macmillan> # Pelgrave Macmillan
    a bgn:Agent ;
   schema:name "Pelgrave Macmillan" ;
    .

<http://id.worldcat.org/fast/1025230> # Monetary policy
    a schema:Intangible ;
   schema:name "Monetary policy"@en ;
    .

<http://id.worldcat.org/fast/1105959> # Saving and investment
    a schema:Intangible ;
   schema:name "Saving and investment"@en ;
    .

<http://id.worldcat.org/fast/1763223> # Kaleckian Model of Growth and Distribution
    a schema:Intangible ;
   schema:name "Kaleckian Model of Growth and Distribution"@en ;
    .

<http://id.worldcat.org/fast/882525> # Credit
    a schema:Intangible ;
   schema:name "Credit"@en ;
    .

<http://viaf.org/viaf/66785350> # Eckhard Hein
    a schema:Person ;
   schema:birthDate "1963" ;
   schema:familyName "Hein" ;
   schema:givenName "Eckhard" ;
   schema:name "Eckhard Hein" ;
    .

<http://worldcat.org/isbn/9780230521575>
    a schema:ProductModel ;
   schema:isbn "0230521576" ;
   schema:isbn "9780230521575" ;
    .

<http://www.worldcat.org/oclc/654403477>
    a schema:CreativeWork ;
   rdfs:label "Money, distribution conflict and capital accumulation." ;
   schema:description "Online version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/137331486> ; # Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'
    .

<http://www.worldcat.org/title/-/oclc/137331486>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
   schema:about <http://www.worldcat.org/oclc/137331486> ; # Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'
   schema:dateModified "2018-11-09" ;
   void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .

<http://www.worldcat.org/title/-/oclc/137331486#Review/-178691624>
    a schema:Review ;
   schema:itemReviewed <http://www.worldcat.org/oclc/137331486> ; # Money, distribution conflict and capital accumulation : contributions to 'monetary analysis'
   schema:reviewBody ""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." ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.