Capitalists, workers, and fiscal policy a classical model of growth and distribution /

Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the p...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Michl, Thomas R.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : Harvard University Press, 2009.
Temas:
Economic development.
Fiscal policy.
Income distribution.
Développement économique.
Politique fiscale.
Revenu > Répartition.
economic development.
Economic development
Fiscal policy
Income distribution
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • List of Figures
  • List of Tables
  • Preface
  • Main Symbols
  • Part I. From the Short Run to the Long
  • Chapter 1. Introduction: Toward a Classical Growth Model
  • 1.1 Elements of the Classical Approach
  • 1.2 Harrod and Modern Growth Theory
  • 1.3 Rethinking Fiscal Surpluses
  • Chapter 2. The Nature of the Long Run
  • 2.1 Effective Demand and Say's Law
  • 2.1.1 The Paradox of Thrift
  • 2.1.2 The Problem of Excess Capacity
  • 2.2 A Classical-Kaleckian Model
  • 2.2.1 Capital-Constrained Growth
  • 2.2.2 Labor-Constrained Growth
  • 2.3 An Intellectual Division of Labor
  • Part II. Long-runModels of Fiscal Policy
  • Chapter 3. A Two-Class Model
  • 3.1 Elements of the Growth Models
  • 3.1.1 Wages and Profits
  • 3.1.2 Capitalists
  • 3.1.3 Workers
  • 3.2 Endogenous Growth
  • 3.2.1 Dynamics of Capital Accumulation
  • 3.2.2 Comparative Dynamics
  • 3.3 Exogenous Growth
  • 3.3.1 Temporary Equilibrium
  • 3.3.2 Dynamics of Wealth Distribution
  • 3.3.3 Comparative Dynamics
  • 3.4 Intuition and Alternative Closures
  • 3.5 Appendix: Dynamic Programming
  • Chapter 4. Saving and the Class Structure
  • 4.1 Critical Values of the Discount Factor
  • 4.2 Saving
  • 4.2.1 Saving Motives
  • 4.2.2 Saving Propensities
  • 4.2.3 The Institutional Structure of Saving
  • 4.3 The Distribution of Wealth
  • 4.4 On Class Analysis
  • Chapter 5. Debt and Endogenous Growth
  • 5.1 Public Debt in a Growth Model
  • 5.1.1 Government
  • 5.1.2 On the Government Budget Constraint
  • 5.1.3 Capitalists with Infinite Horizon
  • 5.1.4 Capitalists with Finite Horizons
  • 5.1.5 Workers
  • 5.2 Debt in the Infinite Horizon Case
  • 5.2.1 Temporary Equilibrium
  • 5.2.2 Steady State
  • 5.2.3 Comparative Dynamics
  • 5.2.4 Transitional Dynamics and Class Structure
  • 5.3 Debt in the Finite Horizon Case
  • 5.3.1 Temporary Equilibrium
  • 5.3.2 Steady State
  • 5.3.3 Comparative Dynamics
  • 5.3.4 Transitional Dynamics and Class Structure
  • 5.4 Debt in the Endogenous Growth Models
  • 5.5 Appendix: Elements of A and B Matrices
  • Chapter 6. Debt and Exogenous Growth
  • 6.1 Debt in the Infinite Horizon Case
  • 6.1.1 Temporary Equilibrium
  • 6.1.2 Steady State
  • 6.1.3 Comparative Dynamics
  • 6.1.4 Transitional Dynamics and Fiscal Policy
  • 6.1.5 Welfare Effect of Demographic Shock
  • 6.2 Debt in the Finite Horizon Case
  • 6.2.1 Temporary Equilibrium
  • 6.2.2 Steady State
  • 6.2.3 Comparative Dynamics
  • 6.2.4 Transitional Dynamics and Fiscal Policy
  • 6.3 Debt in the Exogenous Growth Models
  • 6.4 Fiscal Policy and Wealth Inequality in the United States
  • Chapter 7. Pensions and Endogenous Growth
  • 7.1 Elements of a Public Pension System
  • 7.1.1 Government
  • 7.1.2 Workers
  • 7.1.3 Money's Worth and Funding Systems
  • 7.2 Endogenous Growth with a Public Pension
  • 7.2.1 Steady State
  • 7.2.2 Dynamics
  • 7.2.3 Conditions for Two-Class Regime
  • 7.3 Policy Issues

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