Results 81 to 90 of about 602,980 (262)

Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model

Metroeconomica, EarlyView.
ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley   +1 more source

The role of the “liquidity trap” in Keynesian economics

PSL Quarterly Review, 2013
Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question.
D. PATINKIN
doaj   +1 more source

Public Debt Dynamics in a Monetary Economy of Production

Metroeconomica, EarlyView.
ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley   +1 more source

Income distribution in a monetary economy

PSL Quarterly Review, 2013
In a monetary economy capital is a fund. This idea is captured by the circuit of capital. We define a circuit for fixed capital and argue that it is closed when the fund that initiates it is recovered in a present value sense.
Nazim Kadri Ekinci
doaj  

On the Impact of Government Debt on Income Distribution in a Post‐Keynesian Framework With Workers' Saving

Metroeconomica, EarlyView.
ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer, Christian R. Proaño, Sven Schnellbacher   +2 more
wiley   +1 more source

Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports

PSL Quarterly Review, 2013
The work seeks to better understand how economic thought changes at policy institutions, as compared to academic institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of the ...
I. MAES
doaj   +1 more source

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

Metroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

Worker Savings, Foreign Investment and Capital Market Development: An Assessment of the Polish Government’s Action Plan from a Post-Keynesian Perspective

Gospodarka Narodowa. The Polish Journal of Economics, 2017
In February 2016, the Polish government adopted an Action Plan for Responsible Development and in July it came up with a draft Strategy for Responsible Development that was finally approved in February 2017.
Maciej Holko
doaj   +1 more source

Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis

Metroeconomica, EarlyView.
ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley   +1 more source