Summary and Conclusions: Money, Distribution Conflict and Capital Accumulation

Eckhard Hein

Chapter 18 in Money, Distribution Conflict and Capital Accumulation, 2008, pp 169-176 from Palgrave Macmillan

Abstract: Abstract The present book attempts to contribute to ‘monetary analysis’ and to the research programme of a ‘monetary theory of production’. In particular, we have tried to contribute to a synthesis of Post-Keynesian monetary theory and Post-Keynesian models of distribution and growth. The focus has been on the distribution and growth effects of monetary policies applying the interest rate tool in a modern credit money economy, which is characterized by the autonomy of investment from saving also in the long run, by latent under-utilization of productive capacities, and by conflict over distribution of the social product.

Keywords: Interest Rate; Monetary Policy; Capital Accumulation; Capacity Utilization; Capital Ratio (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59560-6_18

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DOI: 10.1057/9780230595606_18

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