The Kaleckian model of growth and distribution and its neo-Ricardian and neo-Marxian critiques

Article Abstract:

The growth and distribution models developed by neo-Keynesian economists possess relevant features despite continued criticism from neo-Ricardian and neo-Marxian economic scholars. The models are criticized on the basis of their assumptions of normal rates of profit and capacity utilization and investment functions. An analysis of the models shows that normal rates of capacity utilization can be revised in accordance with the actual rates without affecting the main characteristic of the models.

Economic development, Macroeconomics, Comparative economics

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Money and credit in a Keynesian model of income determination

Article Abstract:

A financial model featuring Keynesian economics is used to determine monetary aspects of income supply with respect to households, firms, government and banks. The model is explained and illustrated.

Income

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A simple model of three economies with two currencies: the eurozone and the USA

Article Abstract:

A study uses Keynesian theory to examine the impact of independent fiscal policies of United States and individual European nations. The influence of a common European currency too is detailed.

United States, Europe, Public Finance Activities, Government expenditures, Forecasts, trends, outlooks, Fiscal Policy, Economic aspects, Forecasts and trends, Economic policy, Market trend/market analysis, European monetary union

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