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Der Artikel greift die Debatte um "fully-adjusted positions" in der postkeynesianischen Literatur auf. Diese sind durch eine Übereinstimmung von normaler und tatsächlicher Kapazitätsauslastung in der langen Frist gekennzeichnet. Im Text wird argumentiert, dass hierin nicht die einzig...
Persistent link: https://www.econbiz.de/10003744546
Persistent link: https://www.econbiz.de/10009309686
We revisit the old but still vibrant Post-Keynesian debate over 'fully-adjusted positions', defined by the long-run equality of actual and standard utilisation rates. The central proposition of this paper is that in a world where different groups inside and outside firms have different...
Persistent link: https://www.econbiz.de/10009205425
We revisit the old but still vibrant Post-Keynesian debate over "fully-adjusted positions", defined by the long-run equality of actual and standard utilisation rates. The central proposition of this paper is that in a world where different groups inside and outside firms have different...
Persistent link: https://www.econbiz.de/10008490423
Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of these different stakeholders, we can distinguish different macroeconomic...
Persistent link: https://www.econbiz.de/10008919620
We revisit the old but still vibrant Post-Keynesian debate over "fully-adjusted positions", defined by the long-run equality of actual and standard utilisation rates. The central proposition of this paper is that in a world where different groups inside and outside firms have different...
Persistent link: https://www.econbiz.de/10010460458
Persistent link: https://www.econbiz.de/10003917522
A number of important contributions to the political economy literature have argued that changes in the financial sector have been amongst the main reflections, or even the driving forces, of recent transformations of capitalism in the rich countries. This hypothesis has been referred to as...
Persistent link: https://www.econbiz.de/10003744538
Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption asymmetry are usually considered as mutually exclusive....
Persistent link: https://www.econbiz.de/10003744543
A simple Post Keynesian growth model is developed, in which financial variables are explicitly taken into account. Different possible accumulation regimes are derived with respect to changes of these variables. Several variants of an investment function are estimated econometrically. The...
Persistent link: https://www.econbiz.de/10003771254