Roads to Social Capitalism: Theory, Evidence, and PolicyThe current crises in the financialization of capitalism, and their repercussions on the financial viability of entire countries, severely question the achievements of mainstream economics and its disregard of Keynes's theory of effective demand and f |
Contents
| 1 | |
| 27 | |
| 29 | |
2 Segmented Labour and an Employer of Last Resort | 55 |
3 Full Employment Capitalism through an Employer of First Resort | 95 |
Effective Demand Finance and Innovation | 135 |
4 DemandDriven Distributive Cycles | 137 |
5 Banking Financial Markets and the Narrow Banking Idea | 165 |
Part III Systemic Crises Policy Responses and the Road to Social Capitalism | 221 |
7 Capital Accumulation Environmental Decay and Rehabilitation | 223 |
8 Rampant Fiscal Policy IMF Intervention and Policy Reforms | 249 |
A New Social Structure for Capital Accumulation | 285 |
References | 345 |
Notations | 365 |
Author Index | 367 |
Subject Index | 371 |
Other editions - View all
Roads to Social Capitalism: Theory, Evidence, and Policy Peter Flaschel,Sigrid Luchtenberg No preview available - 2012 |
Common terms and phrases
activating labour market adjustment assume banking system basic behaviour capacity shares capital accumulation capital stock capitalist economies central bank chapter characterised checkable deposits commercial banks competitive considered countries course perspectives crisis debt demand regime democratic discussed distributive cycle dynamics elites employment rate environmental equation equilibrium Euro European European Union Eurostat Eurozone evolution Figure financial markets firms Flaschel flexibility flexicurity Germany Goodwin Greece Greek economy growth cycle growth rate Hartz IV households income distribution increase inflation infrastructure innovation investment Jacobian Keynesian labour market labour market policy labour productivity law of motion loans macroeconomic Marx Marxian narrow banking neoliberal organised parameter phase Phillips curve political positive problems profit-led rate of profit ratio real wage reserve army mechanism Schumpeter Schumpeterian segment situation social capitalism society stability structure techniques theory unemployment benefits utilisation rate variable wage share wave train welfare workers workfare workforce