Endogenous constraints on full productive capacity in a free-market economy
CC BY
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
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Springer
2023
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| Truy cập trực tuyến: | https://link.springer.com/article/10.1007/s40844-023-00254-y https://dlib.phenikaa-uni.edu.vn/handle/PNK/7737 |
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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 |