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What Drives Profits? An Income-spending Model

In: Money, Distribution and Economic Policy

Author

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  • Olivier Giovannoni
  • Alain Parguez

Abstract

Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas: • the development of heterodox theory • the role of money in macroeconomics • the relationship between distribution and aggregate demand • macroeconomic policy issues from a broader heterodox perspective.

Suggested Citation

  • Olivier Giovannoni & Alain Parguez, 2007. "What Drives Profits? An Income-spending Model," Chapters, in: Eckhard Hein & Achim Truger (ed.), Money, Distribution and Economic Policy, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12580_5
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    File URL: https://www.elgaronline.com/view/9781847200631.00012.xml
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    Cited by:

    1. Massimo Cingolani & Nadia Garbellini & Ariel Wirkiermann, 2012. "Macroeconomic Developments and Medium-term Outlook for the Western Balkans and Croatia," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 5, pages 91-113, Institute of Economic Sciences.
    2. Alain Parguez, 2011. "Money Creation, Employment and Economic Stability: The Monetary Theory of Unemployment and Inflation," Chapters, in: Claude Gnos & Louis-Philippe Rochon (ed.), Credit, Money and Macroeconomic Policy, chapter 5, Edward Elgar Publishing.
    3. Massimo Cingolani, 2008. "Full Employment as a Possible Objective for EU Policy I. A Perspective From the Point of View of The Monetary Circuit," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 89-114, March.

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    Keywords

    Economics and Finance;

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