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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge, Mass. :
Harvard University Press,
2009.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 037 | |a 22573/ctv23cz3vj |b JSTOR | ||
| 050 | 4 | |a HD75 | |
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| 049 | |a UAMI | ||
| 100 | 1 | |a Michl, Thomas R. | |
| 245 | 1 | 0 | |a Capitalists, workers, and fiscal policy |h [electronic resource] : |b a classical model of growth and distribution / |c Thomas R. Michl. |
| 260 | |a Cambridge, Mass. : |b Harvard University Press, |c 2009. | ||
| 300 | |a 1 online resource | ||
| 505 | 0 | |a 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 | |
| 505 | 8 | |a 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 | |
| 505 | 8 | |a 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 | |
| 505 | 8 | |a 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 | |
| 505 | 8 | |a 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 | |
| 520 | |a 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 problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl's model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book's findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth. | ||
| 590 | |a JSTOR |b Books at JSTOR All Purchased | ||
| 590 | |a JSTOR |b Books at JSTOR Demand Driven Acquisitions (DDA) | ||
| 650 | 0 | |a Economic development. | |
| 650 | 0 | |a Fiscal policy. | |
| 650 | 0 | |a Income distribution. | |
| 650 | 6 | |a Développement économique. | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Revenu |x Répartition. | |
| 650 | 7 | |a economic development. |2 aat | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 7 | |a Income distribution |2 fast | |
| 776 | 0 | 8 | |i Print version: |z 9780674031678 |z 0674031679 |w (DLC) 2008019197 |w (OCoLC)227000188 |
| 856 | 4 | 0 | |u https://jstor.uam.elogim.com/stable/10.2307/j.ctv23dxd82 |z Texto completo |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH39472717 | ||
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL6803361 | ||
| 938 | |a YBP Library Services |b YANK |n 17721113 | ||
| 994 | |a 92 |b IZTAP | ||