The full employment interest rate implicit in classical economic theory
نویسندگان
چکیده
Abstract By including the rate of normal profit in a simple model macro-economy, full employment interest is deduced to be 4½% at which Labor not exploited by Capital. Criticisms Marx and Keynes free-market economy were misdirected Classical theory instead manipulation rates Central Banks favour Capital over Labor.
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ژورنال
عنوان ژورنال: Evolutionary and Institutional Economics Review
سال: 2022
ISSN: ['2188-2096', '1349-4961']
DOI: https://doi.org/10.1007/s40844-022-00244-6