The Money Capital Constraint and Decisions in the Firm

Douglas Vickers

Chapter 9 in Inflation and Income Distribution in Capitalist Crisis, 1989, pp 155-173 from Palgrave Macmillan

Abstract: Abstract It is a significant distinguishing feature of the revolution in economic thought that Keynes accomplished — though it has not been maintained in clear perspective in the context of the neo-classical counterrevolution – that economic decisions and performances are generally constrained by the availability of money and its flow through the economy. Against the ’real’ economics of the classical system and its assumedly effective analytical dichotomisation, and against the recrudescence of the primacy of the ’real’ in the neo-classical-monetarist-supply side revival, Keynes reminds us that in a sagging economy

Keywords: Factor Capacity; Equity Capital; Debt Financing; Financial Leverage; Business Risk (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08833-1_10

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DOI: 10.1007/978-1-349-08833-1_10

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