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 ...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.展开更多
文摘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.
