Massimo Pivetti, Kenneth A. Loparo

An Essay on Money and Distribution

• Broschiertes Buch

Produktbeschreibung

The book develops an explanation of distribution between profits and wages, which is both logically coherent and supported by reality. It is centred upon a concept of the money rate of interest as the variable that governs the normal profitability of capital.

Produktdetails

• Studies in Political Economy
• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-1-349-21336-8
• 1st ed. 1991
• Seitenzahl: 160
• Erscheinungstermin: 1. Januar 1991
• Englisch
• Abmessung: 216mm x 140mm x 9mm
• Gewicht: 212g
• ISBN-13: 9781349213368
• ISBN-10: 1349213365
• Artikelnr.: 44461126

Inhaltsangabe

PART 1: ON THE 'MONETARY' EXPLANATION OF DISTRIBUTION - Introduction - The Rate of Interest as a 'Monetary Phenomenon' - The Rate of Interest as the Regulator of the Ratio of Prices to Money Wages - Wage Bargaining, Distribution and the Price Level - The Rate of Interest and the Inducement to Invest - Nominal and Real Rates of Interest - PART 2: ON THE INTEREST-PROFIT CONNECTION IN ECONOMIC THEORY - Interest and Profit in Smith, Ricardo and Marx - Interest, Prices and the Quantity of Money: Thomas Tooke and His Main Critic - Money and Distribution in the Marginal Method - On the Explanation of Distribution in Terms of the 'Forces of Competition' - Money Interest and 'Full Cost' Pricing - Summary and Concluding Observations - Bibliography - Index