Contributions to Modern Economics |
Contents
THE SECOND CRISIS OF ECONOMIC THEORY | 1 |
EFFECTIVE DEMAND | 8 |
THE THEORY OF MONEY AND THE ANALYSIS OF OUTPUT | 14 |
Copyright | |
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Common terms and phrases
accumulation analysis argument assets balance of trade beggar-my-neighbour bonds capitalist cent commodities consumer consumption cost demand for money earnings economists economy elasticity enterprise entrepreneur equal equilibrium exchange rate expectations exports factor of production fall finance firms full employment future growth higher hoarding imperfect competition imports income increase industry inflation inputs interest rates Kalecki Keynes Keynesian labour labour force leets less marginal productivity Marx means of production Michał Kalecki money wages money-wage rates neoclassical orthodox output per head particular position problem production function productive capacity Professor profit on capital pseudo-production function purchasing power quantity of money rate of interest rate of profit ratio real wages reduced rise saving sense short rate short-period slump stock of capital surplus technical progress technique terms of trade theory of employment trade unions value of capital wage rates whole workers