Money, Portfolio Balance, Capital Accumulation, and Economic Growth

Louise Davidson

Chapter 3 in Money and Employment, 1990, pp 41-75 from Palgrave Macmillan

Abstract: Abstract Most growth models, whether they be of the Keynesian-Kaldor, Harrodian, or Solow-Swan type, ignore or at least minimize the role of the money supply in the process of accumulation and growth. In general, real factors rather than monetary phenomena are emphasized. There has been little success in developing a theory of capital accumulation and growth which unites Keynesian marginal efficiency and liquidity preference concepts. Instead, full employment is often made a precondition of the analysis.

Keywords: Capital Accumulation; Money Supply; Demand Curve; Capital Good; Full Employment (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-11513-6_4

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