Endogenous constraints on full productive capacity in a free-market economy

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dc.contributor.author Cole, Nicolas D
dc.date.accessioned 2023-04-12T09:20:25Z
dc.date.available 2023-04-12T09:20:25Z
dc.date.issued 2023-04-07
dc.identifier.citation Cole, Nicolas D (2023). Endogenous constraints on full productive capacity in a free-market economy. Evolutionary and Institutional Economics Review. en_UK
dc.identifier.uri https://dspace.lib.cranfield.ac.uk/handle/1826/19439
dc.identifier.uri https://doi.org/10.1007/s40844-023-00254-y
dc.description.abstract The 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. en_UK
dc.language.iso en en_UK
dc.publisher Springer Link en_UK
dc.rights Attribution- 4.0 International *
dc.rights.uri https://creativecommons.org/licenses/by/4.0/ *
dc.subject Full Employment Interest Rate en_UK
dc.subject Productive capacity en_UK
dc.subject Free market en_UK
dc.title Endogenous constraints on full productive capacity in a free-market economy en_UK
dc.type Article en_UK
dc.date.embargo 2023-04-07


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