A future for capitalism: classical, neoclassical and Keynesian perspectives
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cheltenham [u.a.]
Elgar
2011
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVII, 343 S. graph. Darst. |
| ISBN: | 9781849808552 |
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MARC
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| 264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2011 | |
| 300 | |a XVII, 343 S. |b graph. Darst. | ||
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Record in the Search Index
| _version_ | 1804143466801790976 |
|---|---|
| adam_text | Contents
Notations
ix
General
Introduction
xiii
Part I Stabilizing an Unstable Economy: The Challenge
in Place
1
Real Financial Market Interactions and the Choice of Policy
Measures
3
1.1
Introduction
3
1.2
Keynesian Business Cycles: A Portfolio Approach ¡j
1.3
Capital Markets
14
1.4
The Feedback Structure of the Model
18
1.5
Basic Sources of Instability
20
1.6
Dampened Business Cycles: Labor Market and Fiscal
Policies
23
1.7
Dampened Business Cycles: Monetary Policy
29
1.8
Conclusions
33
Part II Classical Unbalanced Growth and Social
Evolution
2
Income Security within the Bounds of the Reserve Army
Mechanism
39
2.1
The Classical Theory of Capital Accumulation
39
2.2
Marxis
Critique of the Classical Accumulation Theory
43
2.3
Goodwin s Distributive Growth Cycle Model
48
2.4
Hiring and Firing. Social Security and Restricted
Reserve Army Fluctuations
52
2.5 Minimum
Wages in an Extended Goodwin Growth Cycle
Model
60
vi A Future
for Capitalism
2.6
Conclusions
67
3
Segmented Labor Markets and Low Income Work
71
3.1
Introduction
71
3.2
The Classical Employment Cycle with a Low Wage
Income Sector
74
3.3
Free Hiring and Firing, Income Security and Socially
Acceptable Reserve Army Fluctuations
83
3.4
Conclusions
89
4
Atypical Employment and Smooth Factor Substitution
93
4.1
Introduction
93
4.2
The Model
95
4.3
Dynamics
99
4.4
Policy Issues and Minimum Wage Restrictions
102
4.5
Conclusions
106
Appendix A: Fixed Proportions in Production
107
Appendix B: The Low Wage Adjustment Process
109
Part III Unemployment and Welfare Issues in Models
of Endogenous Growth
5
Economic Growth with an Employer of Last Resort: A Simple
Model of Flexicurity Capitalism
113
5.1
Introduction
113
5.2
A Baseline Flexicurity Model of Economic Growth
114
5.3
Analysis of the Model with Exogenous Growth
119
5.4
The Model with Endogenous Growth
123
5.5
Conclusion
128
Appendix
129
6
Economic Policy in a Growth Model with Human Capital,
Heterogenous Agents and Unemployment
137
6.1
Introduction
137
6.2
The Structure of the Growth Model
140
6.3
The Balanced Growth Path
146
6.4
Comparative Statics of the Balanced Growth Path
148
6.5
Welfare Effects of Fiscal Policy
150
Contents
vii
6.6
Stability of the Balanced Growth Path
153
6.7
Conclusion
155
Appendix
156
7
Public Debt, Public Expenditures and Endogenous Growth
with Real Wage Rigidities
159
7.1
Introduction
159
7.2
The Structure of the Growth Model
161
7.3
Analysis of the Model with Real Wage Flexibility
166
7.4
The Model with Real Wage Rigidities
171
7.5
Discussion and Comparison to the Model Without
Unemployment
174
7.6
Conclusion
176
Appendix
176
Part IV The Road to Full-Employment Capitalism
8
Flexicurity: A Baseline Supply Side Model
183
8.1
Social Reproduction and the Reserve Army Mechanism
183
8.2
Flexicurity: A Baseline Structure
187
8.3
Goodwuir-Kalecki Dynamics: Progress towards
Consensus-driven Economies?
192
8.4
Balance Reproduction: Existence and Stability
200
8.5
Company Pension Funds
204
8.6
Pension Funds and Credit
207
8.7
Conclusion
214
9
Factor Substitution, Okun s Law and Gradual Wage
Adjustments
217
9.1
Introduction
217
9.2
Flexicurity
220
9.3
Smooth Factor Substitution, Okun s Law and Real Wage
Rigidities
221
9.4
Global Stability of Balanced Reproduction
224
9.5
Increased Flexibility in Hiring and Firing is Stability-
supporting
226
9.6
The Dynamics of Company Pension Funds
228
9.7
Effective Demand Problems
231
viii A
Future for Capitalism
Appendix
232
10
Skill Formation, Heterogeneous Labor and Investment-driven
Business Fluctuations
241
10.1
From Marx s Law of Capitalist Accumulation to
Schumpeter s Competitive Socialism and Beyond
241
10.2
Skill Differentiated Labor Markets in Models of
Flexicurity Growth
247
10.3
Dynamics: Stable and Sustainable Balanced
Reproduction
252
10.4
Educational Systems: Basic Structures and
Implications
256
10.5
Flexicurity and the Keynesian Trade Cycle Challenge
265
10.6
Conclusions and Outlook
272
11
Leashing Capitalism: Monetary-Fiscal Policy Measures and
Labor Market Reforms
277
11.1
Introduction
277
11.2
Interacting ReabFinancial Disequilibrium Adjustment
Processes
278
11.3
Portfolio Choice and Asset Accumulation within the
KMG Framework
280
11.4
The Model in Intensive Form
294
11.5
Economic Policy
299
11.6
Credit and Schumpeterian Processes of Creative
Destruction
305
11.7
The Road Ahead: Social Capitalism
313
Some Useful Stability Theorems
317
Data Sources
327
References
329
Author Index
339
Index
341
|
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| discipline | Wirtschaftswissenschaften |
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| illustrated | Illustrated |
| indexdate | 2024-07-09T22:48:07Z |
| institution | BVB |
| isbn | 9781849808552 |
| language | English |
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| physical | XVII, 343 S. graph. Darst. |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | Elgar |
| record_format | marc |
| spelling | Flaschel, Peter 1943- Verfasser (DE-588)134115864 aut A future for capitalism classical, neoclassical and Keynesian perspectives Peter Flaschel ; Alfred Greiner Cheltenham [u.a.] Elgar 2011 XVII, 343 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Kapitalismus (DE-588)4029577-1 gnd rswk-swf Kapitalismus (DE-588)4029577-1 s Wirtschaftstheorie (DE-588)4079351-5 s b DE-604 Greiner, Alfred 1963- Verfasser (DE-588)13008428X aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020704806&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Flaschel, Peter 1943- Greiner, Alfred 1963- A future for capitalism classical, neoclassical and Keynesian perspectives Wirtschaftstheorie (DE-588)4079351-5 gnd Kapitalismus (DE-588)4029577-1 gnd |
| subject_GND | (DE-588)4079351-5 (DE-588)4029577-1 |
| title | A future for capitalism classical, neoclassical and Keynesian perspectives |
| title_auth | A future for capitalism classical, neoclassical and Keynesian perspectives |
| title_exact_search | A future for capitalism classical, neoclassical and Keynesian perspectives |
| title_full | A future for capitalism classical, neoclassical and Keynesian perspectives Peter Flaschel ; Alfred Greiner |
| title_fullStr | A future for capitalism classical, neoclassical and Keynesian perspectives Peter Flaschel ; Alfred Greiner |
| title_full_unstemmed | A future for capitalism classical, neoclassical and Keynesian perspectives Peter Flaschel ; Alfred Greiner |
| title_short | A future for capitalism |
| title_sort | a future for capitalism classical neoclassical and keynesian perspectives |
| title_sub | classical, neoclassical and Keynesian perspectives |
| topic | Wirtschaftstheorie (DE-588)4079351-5 gnd Kapitalismus (DE-588)4029577-1 gnd |
| topic_facet | Wirtschaftstheorie Kapitalismus |
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