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  • Book
    Lesley Ann Bergmeier, editor.
    Digital Access Springer 2018
  • Book
    Peter Skott.
    Summary: All capitalist economies experience fluctuations in employment and economic activity around a long-term growth rate. How is this cyclical pattern of growth to be explained? Are the causes of fluctuations in output and employment to be found outside the system or are they intrinsic to the system? Will the long-term growth rate correspond to the growth of the labour force? It is the search for answers to these questions which motivates Peter Skott's analysis. The book develops a theory of dynamic interaction between three types of agent: firms, households and banks. Firms are profit-maximisers operating under conditions of imperfect competition and their production and investment decisions are influenced by monetary and financial factors as well as by the state of the labour market. Households hold financial assets, supply labour and have a direct influence on nominal wage rates. Banks set interest rates on bank loans and deposits. No assumptions are made about nominal price rigidities and the capital-output ratio is determined endogenously. Using a framework of analysis which is rigorous and which does not exclude traditional neoclassical mechanisms, this book demonstrates the validity of important Marxian and Keynesian insights into the growth process. Nielsen 9780521365963 20160528

    Contents:
    Guide to text notation
    Acknowledgements
    1. Introduction
    2. Methodological issues
    3. A survey of some post-Keynesian and neo-Marxian ideas
    4. The model
    5. Ultra-short-run, short-run and steady-growth equilibria
    6. Investment, instability and cycles
    7. Finance and money-wage neutrality
    8. Distributional questions in neo-Marxian and post-Keynesian theory
    9. Final Remarks
    Bibliography
    Index. Nielsen 9780521365963 20160528
    Print 1989
  • Article
    Thomison JB.
    South Med J. 1978 Jan;71(1):1-2.
    Digital Access Access Options
doi:10.1097/00007611-197801000-00001