The full employment interest rate implicit in classical economic theory

dc.contributor.author	Cole, Nicolas D
dc.date.accessioned	2022-12-06T13:56:39Z
dc.date.available	2022-12-06T13:56:39Z
dc.date.issued	2022-06-29
dc.identifier.citation	Cole, Nicolas D (2022). The full employment interest rate implicit in classical economic theory, Evolutionary and Institutional Economics Review, Volume: 19, Issue: 2, pp. 625-643	en_UK
dc.identifier.uri	https://doi.org/10.1007/s40844-022-00244-6
dc.identifier.uri	https://dspace.lib.cranfield.ac.uk/handle/1826/18759
dc.description.abstract	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 economy were misdirected at Classical theory instead of the manipulation of interest rates by Central Banks to favour Capital over Labor.	en_UK
dc.language.iso	en	en_UK
dc.publisher	Springer	en_UK
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Rate of Normal Profit	en_UK
dc.subject	Classical Theory	en_UK
dc.subject	Central Banks	en_UK
dc.subject	Full Employment Interest Rate	en_UK
dc.title	The full employment interest rate implicit in classical economic theory	en_UK
dc.type	Article	en_UK
dc.identifier.eissn	2188-2096