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The Second Crisis of Economic Theory
The Theory of Money and the Analysis of Output
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accumulation analysis argument assets assumptions balance of trade beggar-my-neighbour bonds capitalist commodities consumer consumption cost demand for money earnings economists economy effect elasticity enterprise entrepreneur equal equilibrium equipment expectations exports factor of production fall finance firms full employment future growth higher hoarding imperfect competition imports income increase industry inputs interest rates Kalecki Keynes Keynesian labour force leets less machines marginal productivity Marshall's Marx means of production Michal Kalecki money-wage rates neo-classical oligopoly orthodox output per head particular problem production function Professor profit on capital pseudo-production function purchasing power quantity of money quasi-rents rate of interest rate of profit ratio real wages reduced relative rise saving sense short rate short-period slump stock of capital supply price surplus technical progress technique terms of trade theory of employment value of capital wage rate Walrasian workers