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Perspectives of the macroeconomic Reproduction Theory
https://doi.org/10.32609/0042-8736-2014-4-137-155
Abstract
Prospects for the development of an alternative macroeconomic theory are associated with the provisions that the dynamics of the economy is determined by the change of generations of capital and that there is a problem of coordination between different generations of capital. The circulation and reproduction of capital are analyzed. We consider the socalled shifting mode of reproduction. The mathematic model has shown that coordinated growth is possible if social and economic interests between capital and labor are agreed, and monetary policy stimulates this growth.
Keywords
capital,
circulation,
reproduction,
fixed capital,
money,
depreciation,
shifting mode of reproduction,
coordination
JEL: B12, B31, C32, E21, E22, E23, E50
About the Authors
V. Mayevsky
Institute of Economics, RAS (Moscow, Russia)
Russian Federation
Russian Federation
S. Malkov
Institute of Economics, RAS (Moscow, Russia)
Russian Federation
Russian Federation
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Review
For citations:
Mayevsky V., Malkov S. Perspectives of the macroeconomic Reproduction Theory. Voprosy Ekonomiki. 2014;(4):137-155. (In Russ.) https://doi.org/10.32609/0042-8736-2014-4-137-155
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