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An Essay on Money and Distribution : Studies in Political Economy - Massimo Pivetti

An Essay on Money and Distribution

Studies in Political Economy


Published: 24th May 1991
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The book develops an explanation of distribution between profits and wages, which is both logically coherent and supported by reality. It is centred upon a concept of the money rate of interest as the variable that governs the normal profitability of capital.

PART 1: ON THE 'MONETARY' EXPLANATION OF DISTRIBUTION - Introduction - The Rate of Interest as a 'Monetary Phenomenon' - The Rate of Interest as the Regulator of the Ratio of Prices to Money Wages - Wage Bargaining, Distribution and the Price Level - The Rate of Interest and the Inducement to Invest - Nominal and Real Rates of Interest - PART 2: ON THE INTEREST-PROFIT CONNECTION IN ECONOMIC THEORY - Interest and Profit in Smith, Ricardo and Marx - Interest, Prices and the Quantity of Money: Thomas Tooke and His Main Critic - Money and Distribution in the Marginal Method - On the Explanation of Distribution in Terms of the 'Forces of Competition' - Money Interest and 'Full Cost' Pricing - Summary and Concluding Observations - Bibliography - Index

ISBN: 9780333539408
ISBN-10: 0333539400
Series: Studies in Political Economy
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 148
Published: 24th May 1991
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 1.5
Weight (kg): 0.35
Edition Number: 1