Arbeitspapier
Keynesian capital theory: Declining interest rates and persisting profits
The current debate whether zero interest rates are caused by a saving glut or a liquidity glut is resolved by the distinction between the market and the natural rate, where saving affects only the latter variable, and monetary policy mainly the first. This topic is linked to a second one: the monetary determination of the rate of profit in Keynesian capital theory. Both topics merge in a critical review of Keynes's vision of the "euthanasia of the rentier". The data show however that we have not reached a state of capital satiation. The rising gap between the rate of profit and the rate of interest poses a challenge for capital theory.
- Language
-
Englisch
- Bibliographic citation
-
Series: Hohenheim Discussion Papers in Business, Economics and Social Sciences ; No. 10-2019
- Classification
-
Wirtschaft
- Subject
-
saving vs. liquidity
zero interest rates
capital satiation
- Event
-
Geistige Schöpfung
- (who)
-
Spahn, Peter
- Event
-
Veröffentlichung
- (who)
-
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
- (where)
-
Stuttgart
- (when)
-
2019
- Handle
- URN
-
urn:nbn:de:bsz:100-opus-16720
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Spahn, Peter
- Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
Time of origin
- 2019
Other Objects (12)
Keynesian capital theory : declining interest rates and persisting profits
Declining Labor and Capital Shares
Reasons for the declining real interest rates
Capital Composition and the Declining Labor Share
A view on post-Keynesian interest rate policy
New Keynesian dynamics in a low interest rate environment
Multifactor Keynesian models of the long-term interest rate
A post Keynesian theory of growth, interest and money
A Marxian model of market for money capital: Profit rate, interest rate, and leverage ratio
Intangible capital, markups and profits
Interest rate rules in a new Keynesian framework with investment
A Keynesian approach to modeling the long-term interest rate
Keynesian capital theory : declining interest rates and persisting profits
Declining Labor and Capital Shares
Reasons for the declining real interest rates
Capital Composition and the Declining Labor Share
A view on post-Keynesian interest rate policy
New Keynesian dynamics in a low interest rate environment
Multifactor Keynesian models of the long-term interest rate
A post Keynesian theory of growth, interest and money
A Marxian model of market for money capital: Profit rate, interest rate, and leverage ratio
Intangible capital, markups and profits
Interest rate rules in a new Keynesian framework with investment
A Keynesian approach to modeling the long-term interest rate
Keynesian capital theory : declining interest rates and persisting profits
Declining Labor and Capital Shares
Reasons for the declining real interest rates
Capital Composition and the Declining Labor Share
A view on post-Keynesian interest rate policy
New Keynesian dynamics in a low interest rate environment
Multifactor Keynesian models of the long-term interest rate
A post Keynesian theory of growth, interest and money
A Marxian model of market for money capital: Profit rate, interest rate, and leverage ratio
Intangible capital, markups and profits
Interest rate rules in a new Keynesian framework with investment