Marx, Keynes, Kalecki and Kaldor on the Rate of Interest as a Monetary Phenomenon

Basil Moore

Chapter 13 in Nicholas Kaldor and Mainstream Economics, 1991, pp 225-242 from Palgrave Macmillan

Abstract: Abstract In the investigation of how the social surplus was distributed, Adam Smith, David Ricardo, J. S. Mill and Karl Marx all viewed the rate of interest as some proportion of the rate of profits. Their analysis attempted to describe the factors which determined this proportion, and which prevented the rate of profit from falling to the rate of interest.

Keywords: Interest Rate; Monetary Policy; Central Bank; Money Supply; Aggregate Demand (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-10947-0_13

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