Conflict and effective demand in economic growth:
All capitalist economies experience fluctuations in employment and economic activity around a long-term growth rate. How is this cyclical pattern of growth to be explained? Are the causes of fluctuations in output and employment to be found outside the system or are they intrinsic to the system? Wil...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge
Cambridge University Press
1989
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| Schlagwörter: | |
| Links: | https://doi.org/10.1017/CBO9780511983795 https://doi.org/10.1017/CBO9780511983795 https://doi.org/10.1017/CBO9780511983795 |
| Zusammenfassung: | All capitalist economies experience fluctuations in employment and economic activity around a long-term growth rate. How is this cyclical pattern of growth to be explained? Are the causes of fluctuations in output and employment to be found outside the system or are they intrinsic to the system? Will the long-term growth rate correspond to the growth of the labour force? It is the search for answers to these questions which motivates Peter Skott's analysis. The book develops a theory of dynamic interaction between three types of agent: firms, households and banks. Firms are profit-maximisers operating under conditions of imperfect competition and their production and investment decisions are influenced by monetary and financial factors as well as by the state of the labour market. Households hold financial assets, supply labour and have a direct influence on nominal wage rates. Banks set interest rates on bank loans and deposits. No assumptions are made about nominal price rigidities and the capital-output ratio is determined endogenously. Using a framework of analysis which is rigorous and which does not exclude traditional neoclassical mechanisms, this book demonstrates the validity of important Marxian and Keynesian insights into the growth process |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Umfang: | 1 online resource (x, 175 pages) |
| ISBN: | 9780511983795 |
| DOI: | 10.1017/CBO9780511983795 |
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| 505 | 8 | 0 | |t Methodological issues |t A survey of some post-Keynesian and neo-Marxian ideas |t The model |t Ultra-short-run, short-run and steady-growth equilibria |t Investment, instability and cycles |t Finance and money-wage neutrality 8. Distributional questions in neo-Marxian and post-Keynesian theory |t Final Remarks |
| 520 | |a All capitalist economies experience fluctuations in employment and economic activity around a long-term growth rate. How is this cyclical pattern of growth to be explained? Are the causes of fluctuations in output and employment to be found outside the system or are they intrinsic to the system? Will the long-term growth rate correspond to the growth of the labour force? It is the search for answers to these questions which motivates Peter Skott's analysis. The book develops a theory of dynamic interaction between three types of agent: firms, households and banks. Firms are profit-maximisers operating under conditions of imperfect competition and their production and investment decisions are influenced by monetary and financial factors as well as by the state of the labour market. Households hold financial assets, supply labour and have a direct influence on nominal wage rates. Banks set interest rates on bank loans and deposits. No assumptions are made about nominal price rigidities and the capital-output ratio is determined endogenously. Using a framework of analysis which is rigorous and which does not exclude traditional neoclassical mechanisms, this book demonstrates the validity of important Marxian and Keynesian insights into the growth process | ||
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| contents | Methodological issues A survey of some post-Keynesian and neo-Marxian ideas The model Ultra-short-run, short-run and steady-growth equilibria Investment, instability and cycles Finance and money-wage neutrality 8. Distributional questions in neo-Marxian and post-Keynesian theory Final Remarks |
| ctrlnum | (ZDB-20-CBO)CR9780511983795 (OCoLC)967422818 (DE-599)BVBBV043929754 |
| dewey-full | 330 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330 |
| dewey-search | 330 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511983795 |
| format | Electronic eBook |
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| isbn | 9780511983795 |
| language | English |
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| spelling | Skott, Peter Verfasser aut Conflict and effective demand in economic growth Peter Skott Conflict & Effective Demand in Economic Growth Cambridge Cambridge University Press 1989 1 online resource (x, 175 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) Methodological issues A survey of some post-Keynesian and neo-Marxian ideas The model Ultra-short-run, short-run and steady-growth equilibria Investment, instability and cycles Finance and money-wage neutrality 8. Distributional questions in neo-Marxian and post-Keynesian theory Final Remarks All capitalist economies experience fluctuations in employment and economic activity around a long-term growth rate. How is this cyclical pattern of growth to be explained? Are the causes of fluctuations in output and employment to be found outside the system or are they intrinsic to the system? Will the long-term growth rate correspond to the growth of the labour force? It is the search for answers to these questions which motivates Peter Skott's analysis. The book develops a theory of dynamic interaction between three types of agent: firms, households and banks. Firms are profit-maximisers operating under conditions of imperfect competition and their production and investment decisions are influenced by monetary and financial factors as well as by the state of the labour market. Households hold financial assets, supply labour and have a direct influence on nominal wage rates. Banks set interest rates on bank loans and deposits. No assumptions are made about nominal price rigidities and the capital-output ratio is determined endogenously. Using a framework of analysis which is rigorous and which does not exclude traditional neoclassical mechanisms, this book demonstrates the validity of important Marxian and Keynesian insights into the growth process Wirtschaft Economics Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 s 1\p DE-604 Erscheint auch als Druckausgabe 978-0-521-06631-0 Erscheint auch als Druckausgabe 978-0-521-36596-3 https://doi.org/10.1017/CBO9780511983795 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Skott, Peter Conflict and effective demand in economic growth Methodological issues A survey of some post-Keynesian and neo-Marxian ideas The model Ultra-short-run, short-run and steady-growth equilibria Investment, instability and cycles Finance and money-wage neutrality 8. Distributional questions in neo-Marxian and post-Keynesian theory Final Remarks Wirtschaft Economics Wachstumstheorie (DE-588)4128160-3 gnd |
| subject_GND | (DE-588)4128160-3 |
| title | Conflict and effective demand in economic growth |
| title_alt | Conflict & Effective Demand in Economic Growth Methodological issues A survey of some post-Keynesian and neo-Marxian ideas The model Ultra-short-run, short-run and steady-growth equilibria Investment, instability and cycles Finance and money-wage neutrality 8. Distributional questions in neo-Marxian and post-Keynesian theory Final Remarks |
| title_auth | Conflict and effective demand in economic growth |
| title_exact_search | Conflict and effective demand in economic growth |
| title_full | Conflict and effective demand in economic growth Peter Skott |
| title_fullStr | Conflict and effective demand in economic growth Peter Skott |
| title_full_unstemmed | Conflict and effective demand in economic growth Peter Skott |
| title_short | Conflict and effective demand in economic growth |
| title_sort | conflict and effective demand in economic growth |
| topic | Wirtschaft Economics Wachstumstheorie (DE-588)4128160-3 gnd |
| topic_facet | Wirtschaft Economics Wachstumstheorie |
| url | https://doi.org/10.1017/CBO9780511983795 |
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