Buch, Englisch, 148 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 211 g
Reihe: Studies in Political Economy
Buch, Englisch, 148 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 211 g
Reihe: Studies in Political Economy
ISBN: 978-1-349-21336-8
Verlag: Palgrave Macmillan UK
The book develops an explanation of distribution between profits and wages, which is both logically coherent and supported by reality. It is centred upon a concept of the money rate of interest as the variable that governs the normal profitability of capital.
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PART 1: ON THE 'MONETARY' EXPLANATION OF DISTRIBUTION - Introduction - The Rate of Interest as a 'Monetary Phenomenon' - The Rate of Interest as the Regulator of the Ratio of Prices to Money Wages - Wage Bargaining, Distribution and the Price Level - The Rate of Interest and the Inducement to Invest - Nominal and Real Rates of Interest - PART 2: ON THE INTEREST-PROFIT CONNECTION IN ECONOMIC THEORY - Interest and Profit in Smith, Ricardo and Marx - Interest, Prices and the Quantity of Money: Thomas Tooke and His Main Critic - Money and Distribution in the Marginal Method - On the Explanation of Distribution in Terms of the 'Forces of Competition' - Money Interest and 'Full Cost' Pricing - Summary and Concluding Observations - Bibliography - Index
