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The full employment interest rate implicit in classical economic theory
Cole, Nicolas D
(
Springer
,
2022-06-29
)
By including the rate of normal profit in a simple model of the macro-economy, the full employment interest rate is deduced to be 4½% at which Labor is not exploited by Capital. Criticisms by Marx and Keynes of the free-market ...
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Author
Cole, Nicolas D (1)
Subject
Central Banks (1)
Classical Theory (1)
Full Employment Interest Rate (1)
Rate of Normal Profit (1)
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Date Issued
2022 (1)
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