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Endogenous constraints on full productive capacity in a free-market economy

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Main Author: Nicolas D., Cole
Format: Book
Language:English
Published: Springer 2023
Subjects:
full employment interest rate implicit
simple macroeconomic model
Online Access:https://link.springer.com/article/10.1007/s40844-023-00254-y
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7737
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spelling oai:localhost:PNK-77372023-04-11T02:02:06Z Endogenous constraints on full productive capacity in a free-market economy Nicolas D., Cole full employment interest rate implicit simple macroeconomic model CC BY The full employment interest rate implicit in classical economic theory is 4½%, deduced by including the rate of normal profit in a simple macroeconomic model. By not fixing the interest rate at this optimum, Central Banks endogenously maintain excess productive capacity, cause unemployment, and encourage the exploitation of Labour by Capital. 2023-04-11T02:02:06Z 2023-04-11T02:02:06Z 2023 Book https://link.springer.com/article/10.1007/s40844-023-00254-y https://dlib.phenikaa-uni.edu.vn/handle/PNK/7737 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic full employment interest rate implicit
simple macroeconomic model
spellingShingle full employment interest rate implicit
simple macroeconomic model
Nicolas D., Cole
Endogenous constraints on full productive capacity in a free-market economy
description CC BY
format Book
author Nicolas D., Cole
author_facet Nicolas D., Cole
author_sort Nicolas D., Cole
title Endogenous constraints on full productive capacity in a free-market economy
title_short Endogenous constraints on full productive capacity in a free-market economy
title_full Endogenous constraints on full productive capacity in a free-market economy
title_fullStr Endogenous constraints on full productive capacity in a free-market economy
title_full_unstemmed Endogenous constraints on full productive capacity in a free-market economy
title_sort endogenous constraints on full productive capacity in a free-market economy
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s40844-023-00254-y
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7737
_version_ 1762909081976176640
score 8.881002

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