ISBN:
9781784715014
Language:
English
Pages:
1 Online-Ressource (224 p)
,
cm
Series Statement:
Edward Elgar E-Book Archive
Series Statement:
New directions in post-Keynesian economics
Parallel Title:
Available in another form
Parallel Title:
Erscheint auch als Bortz, Pablo G. Inequality, growth and "hot" money
DDC:
338.9
Keywords:
Einkommensverteilung
;
Wirtschaftswachstum
;
Postkeynesianische Wachstumstheorie
;
Verteilungstheorie
;
Theorie
;
Argentinien
;
Income distribution
;
Keynesian economics
Abstract:
Preface -- 1. Introduction -- 2. Growth and distribution: the last 300 years -- 3. Growth and distribution: the Kaleckian perspective -- 4. An integration of the real and the monetary economy -- 5. Financial flows, distribution and capital controls -- 6. Epilogue: challenges and possibilities.
Abstract:
The growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these three factors while identifying challenges and possible alternatives for an expansionary and progressive economic policy. Reviewing several schools of thought, Inequality, Growth and 'Hot' Money explores the risks generated by capital flows and the limitations they impose on progressive economic policies. Professor Bortz then provides instruments and alternatives to pursue an expansionary and equalitarian program, including theoretical contributions to enrich heterodox and progressive economics. Standout features of this book include a review of the challenges that financial flows pose for developing countries; a redefinition of the role of capital controls; a policy approach that separates interest rate policies from a broader credit policy; and a rejection of the negative relationship between a more egalitarian income distribution and sustained economic expansion. Expanding the Kaleckian approach to include financial flows, this accessible introduction to heterodox growth models will be appreciated by graduate students and committed heterodox economists. Research departments at official institutions such as central banks may also be interested, specifically in the book's models and policy prescription
Note:
Includes bibliographical references and indexes
DOI:
10.4337/9781784715014
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
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