寻租和资产价格通胀:美国经济两极分化的总回报概况

IF 1.8 3区 经济学 Q2 ECONOMICS Review of Keynesian Economics Pub Date : 2021-10-28 DOI:10.4337/roke.2021.04.01
M. Hudson
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引用次数: 7

摘要

本文重建了国民收入和产品账户,将资产价格(“资本”)收益添加到国民收入中,以得出总回报的衡量标准。它还将租金提取视为对国民收入和GDP的收费,而不是对国民产出的贡献。将金融、保险和房地产部门与其他私营部门分开表明,财富和收入的大部分增长来自食利者活动——来自金融资本主义的动力,而不是工业资本主义的动力。
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Rent-seeking and asset-price inflation: a total-returns profile of economic polarization in America
This paper reconstructs the National Income and Product Accounts to add asset-price (‘capital’) gains to national income to derive a measure of total returns. It also treats rent-extraction as a charge against national income and GDP, not as a contribution to national output. Segregating the Finance, Insurance, and Real Estate sector from the rest of the private sector shows that most growth in wealth and income derives from rentier activities – from the dynamic of finance capitalism more than that of industrial capitalism.
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来源期刊
CiteScore
3.10
自引率
12.50%
发文量
16
期刊介绍: The Review of Keynesian Economics (ROKE) is dedicated to the promotion of research in Keynesian economics. Not only does that include Keynesian ideas about macroeconomic theory and policy, it also extends to microeconomic and meso-economic analysis and relevant empirical and historical research. The journal provides a forum for developing and disseminating Keynesian ideas, and intends to encourage critical exchange with other macroeconomic paradigms. The journal is dedicated to the development of Keynesian theory and policy. In our view, Keynesian theory should hold a similar place in economics to that held by the theory of evolution in biology. Many individual economists still work within the Keynesian paradigm, but intellectual success demands institutional support that can leverage those individual efforts. The journal offers such support by providing a forum for developing and sharing Keynesian ideas. Not only does that include ideas about macroeconomic theory and policy, it also extends to microeconomic and meso-economic analysis and relevant empirical and historical research. We see a bright future for the Keynesian approach to macroeconomics and invite the economics profession to join us by subscribing to the journal and submitting manuscripts.
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