Finance, Investment and Macroeconomic Performance

Georgios Argitis
European Research Studies Journal, Volume XI, Issue 1-2, 71-88, 2008
EOI: 10.11214/thalassinos.11.01.006

Abstract:

Finance, power and distribution are issues that are largely absent in conventional macroeconomics. This paper outlines the implicit economic process embedded in the neo-classical and new-Keynesian constructions of macroeconomics regarding the finance-investment relation. It then develops a general post-Keynesian framework and argues that finance, power and income distribution are significant determinants of investment and macroeconomic activity.


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