Money, Distribution Conflict and Capital Accumulation: Contributions to ‘Monetary Analysis’

Front Matter....Pages i-xiv
Introduction: Money, Distribution Conflict and Capital Accumulation....Pages 1-3
Front Matter....Pages 5-5
Real and Monetary Analysis in Economic Paradigms: Introduction to Part I....Pages 7-8
Real Analysis in Classical, Neoclassical, Neoclassical Synthesis, Monetarist, New Classical, New Keynesian, and New Consensus Theories....Pages 9-12
Monetary Analysis in Classical Economics: Banking School and Neo-Ricardian Monetary Theory of Distribution....Pages 13-15
Monetary Analysis in Marx’s Economics....Pages 16-29
Keynes’s ‘Monetary Theory of Production’ and the Post-Keynesian Research Programme....Pages 30-55
Real and Monetary Analysis in Economic Paradigms: Summary of Part I....Pages 56-58
Front Matter....Pages 59-59
Interest Rate, Distribution and Capital Accumulation — Post-Keynesian Models: Introduction to Part II....Pages 61-62
Post-Keynesian Monetary Theory and the Models of Distribution and Growth....Pages 63-67
The Model Economy....Pages 68-81
The Rate of Interest in the Kaldor-Robinson Model of Distribution and Growth....Pages 82-86
The Rate of Interest in Kaleckian Models of Distribution and Growth....Pages 87-99
Kaleckian Models Extended....Pages 100-123
Interest Rate, Distribution and Accumulation in Post-Keynesian Models: Summary and Conclusions of Part II....Pages 124-127
Front Matter....Pages 129-129
Distribution Conflict, Inflation and Monetary Policy in a Credit Economy: Introduction to Part III....Pages 131-132
A Kaleckian Alternative to the New Consensus on Monetary Policy and Wage Bargaining: Trying to Make Sense of the NAIRU....Pages 133-152
On the (In-)stability and the Endogeneity of the Normal Rate of Capacity Utilization in a Post-Keynesian/Kaleckian ‘Monetary’ Distribution and Growth Model....Pages 153-167
Summary and Conclusions: Money, Distribution Conflict and Capital Accumulation....Pages 169-176
Back Matter....Pages 177-214