| Description |
1 online resource : illustrations (black and white) |
| Series |
Routledge frontiers of political economy |
| Contents |
Free Cash, Capital Accumulation and Inequality- Front Cover; Free Cash, Capital Accumulation and Inequality; Title Page; Copyright Page; Contents; List of figures; List of tables; Acknowledgments; Chapter 1: Prologue and preview; Free cash; Notes; References; Chapter 2: Michal Kalecki's derivation of free cash; Investment is self-funding; Notes; References; Chapter 3: Hobson's choice: free cash export or domestic redistribution; Hobson's historiography of industry; The United States: a partial test of mass purchasing power?; Notes; References |
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Chapter 4: Free cash and the stock bubble of the 1920sFree cash, mergers and speculation; The disconnection of finance from industry; Free cash and the Federal Reserve; The 1920s and Michal Kalecki's free cash model; Notes; References; Chapter 5: Veblen's Q-Tobin's Q and relative valuation; The industrial structure and the New Deal; Tobin's Q; Relative valuation and distributive shares; Marginal Q; The Golden Age, the subsequent "zapping of labor" and class shares; The decline of marginal Q, investment slowdown and underutilization; The evidence for relative valuation |
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Multinational production, sales and the U.S. export marketNotes; References; Appendix 2: Multinational deficits and parents' embeddedness; Chapter 8: Free cash, relative valuation and inequality; Stockholder valuation; Stock valuation and stagnation; Thomas Piketty and inequality; Free cash spillage and Piketty's modeling; Stock valuation vs. net investment valuation; Notes; References; Chapter 9: Crossing the boundary line; The boundary line; Crossing the boundary line; Health: creating a parallel government health system; A sketch; Projects, jobs and income |
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Production versus income maintenanceThe perimeter of the boundary line; Notes; References; Index |
| Summary |
And conclusions regarding Q theory and relative valuationsNotes; References; Appendix 1: Expansion of cash through new investment; Capacity Case; Efficiency Case; Chapter 6: Stagnation and free cash: a neo-Kaleckian model; Stagnation and stimulants; An expanded Kaleckian model of free cash; Taxes, deficits and stimulation; Households and debt; Free cash and the interest rate; Regulatory reform, free cash and the 2008 crisis; The Twin Deficit debate: a post-mortem; Notes; References; Chapter 7: The multinational escape; The breakup of Bretton Woods and the coming of floating rates |
| Bibliography |
Includes bibliographical references and index |
| Notes |
<P><EM>List of Figures</EM>. <EM>List of Tables. Acknowledgments.</EM> 1. Prologue and Preview. 2. Michal Kalecki's Derivation of Free Cash. 3. Hobson' Choice: Free Cash Export or Domestic Redistribution. 4. Free Cash and the Stock Bubble of the 1920s. 5. Veblen's Q-Tobin's Q and Relative Valuation. Appendix 1 Expansion of Cash Through New Investment. 6. Stagnation and Free Cash: A Neo-Kaleckian Model. 7. The Multinational Escape. Appendix 2 Multinational Deficits and Parents' Embeddedness. 8. Free Cash, Relative Valuation and Inequality. 9. Crossing the Boundary Line. <I>Index</P></I> |
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CIP data; resource not viewed |
| Subject |
Cash flow.
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Saving and investment.
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Income distribution.
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Equality.
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BUSINESS & ECONOMICS -- Economic History.
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capital accumulation.
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free cash.
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inequality.
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investment.
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Kalecki.
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kaleckian model.
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Cash flow
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Equality
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Income distribution
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Saving and investment
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| Form |
Electronic book
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| ISBN |
9781351685498 |
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135168549X |
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9781351685504 |
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1351685503 |
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9781351685481 |
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1351685481 |
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9781315168289 |
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1315168286 |
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