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Subsistence Wages, Private Indebtedness and Aggregate Demand" A Post Keynesian Classical Interpretation of the Current Crisis

Subsistence Wages, Private Indebtedness and Aggregate Demand" A Post Keynesian Classical Interpretation of the Current Crisis
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摘要 This paper aims at providing an interpretation of economic crises within a theoretical framework where some elements of classical political economy are superimposed on the theoretical framework of the monetary theory of production. The dynamics of wages, of conspicuous consumption on the part of rentiers and of investments are taken into consideration, in order to show that economic crises largely depend on the combination of declining wage shares, increasing financial rents and the reduction of investments.
机构地区 University of Salento
出处 《Journal of Modern Accounting and Auditing》 2011年第8期813-826,共14页 现代会计与审计(英文版)
关键词 monetary theory of production labour market economic crises 工资 经典解 主义 负债 经济危机 政治经济学 框架 投资
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参考文献31

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