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dc.contributor.authorNicolas D., Cole-
dc.date.accessioned2023-04-11T02:02:06Z-
dc.date.available2023-04-11T02:02:06Z-
dc.date.issued2023-
dc.identifier.urihttps://link.springer.com/article/10.1007/s40844-023-00254-y-
dc.identifier.urihttps://dlib.phenikaa-uni.edu.vn/handle/PNK/7737-
dc.descriptionCC BYvi
dc.description.abstractThe full employment interest rate implicit in classical economic theory is 4½%, deduced by including the rate of normal profit in a simple macroeconomic model. By not fixing the interest rate at this optimum, Central Banks endogenously maintain excess productive capacity, cause unemployment, and encourage the exploitation of Labour by Capital.vi
dc.language.isoenvi
dc.publisherSpringervi
dc.subjectfull employment interest rate implicitvi
dc.subjectsimple macroeconomic modelvi
dc.titleEndogenous constraints on full productive capacity in a free-market economyvi
dc.typeBookvi
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