Keynesian capital theory : declining interest rates and persisting profits

Spahn, Peter

Keynesian capital theory : declining interest rates and persisting profits

dc.contributor.author	Spahn, Peter	de
dc.date.accessioned	2024-04-08T08:58:02Z
dc.date.available	2024-04-08T08:58:02Z
dc.date.created	2019-11-06
dc.date.issued	2019
dc.description.abstract	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 Keyness 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.	en
dc.identifier.swb	1681190222
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6434
dc.identifier.urn	urn:nbn:de:bsz:100-opus-16720
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2019,10
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Saving vs. liquidity	en
dc.subject	Zero interest rates	en
dc.subject	Capital satiation	en
dc.subject.ddc	330
dc.subject.gnd	Kapitaltheorie	de
dc.title	Keynesian capital theory : declining interest rates and persisting profits	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Spahn2019, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6434}, author = {Spahn, Peter}, title = {Keynesian capital theory : declining interest rates and persisting profits}, year = {2019}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Spahn, Peter
local.export.bibtexKey	Spahn2019
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1672
local.series.issueNumber	2019,10
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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