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Is macroeconomic equilibrium possible under capitalism? How do economic bubbles develop? How does a monetary system influence the market mechanism? Is the return on capital a beneficial feature of the economic system? How does complexity of a capitalist organization influence the market process? Can output under capitalism be easily measured and modeled?
Such questions and many others relate to the central concept discussed in the book: heterogeneous structure of production, an envisioned theoretical connection between stages of the capitalist process. An inquiry into the functioning of a capital structure is necessary to understand the workings of the interest rate, savings, aggregate demand, and economic growth. Additionally it provides a theoretical framework to recognize consequences of monetary regimes and interest rate policies performed by the central banks.
Capital structure concepts have their place at the center of economic theory as they can provide a broad range of insights into our understanding of the real world. Money, Interest, and the Structure of Production offers key insights in that direction.
List of contents
Acknowledgments
Introduction
Part I: Microeconomic Aspects of the Capital Structure
Chapter 1: Interest as a Factorial Payment
Chapter 2: Challenges Concerning the Structure of Production
Part II: Macroeconomic Aspects of the Capital Structure
Chapter 3: Expenditures Equilibrium and Say's Law.
Chapter 4: Potential Output versus Intertemporal Equilibrium.
Chapter 5: Non-Neutrality of Monetary Flows for the Structure of Production.
Chapter 6: Monetary Policy as Interest Policy.
Conclusion
Bibliography
About the Author
About the author
By Mateusz Machaj
