‘Objetivos empresariales, regímenes de crecimiento macroeconómico y finanzas
Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of these different stakeholders, we can distinguish different macroeconomic growth regimes characterized by the priority given to the realization of the dominant class’s objectives. In previous work (Dallery and van Treeck, 2008), we have analysed these different institutional configurations of capitalism, which we call Fordism and financialisation, within a formal stock-flow consistent macro model. Here, we focus more specifically on linking macroeconomic growth dynamics to our reassessment of the Post Keynesian theory of the firm. Based on this microeconomic analysis, we stress the risk of financial fragility and macroeconomic instability involved with financialised capitalism.
Volume (Year): 72 (2009)
Issue (Month): 03 ()
|Contact details of provider:|| Postal: C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz|
Phone: + 34 945019038
Fax: + 34945019062
Web page: http://www.euskadi.net/economia
More information through EDIRC
|Order Information:|| Postal: Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain|
When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:2009313. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iñaki Treviño)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.