hohPublica :: Browsing by Subject "Kapitaltheorie"

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Keynesian capital theory : declining interest rates and persisting profits
(2019) Spahn, Peter
The current debate whether zero interest rates are caused by a saving glut or a liquidity glut is resolved by the distinction between the market and the natural rate, where saving affects only the latter variable, and monetary policy mainly the first. This topic is linked to a second one: the monetary determination of the rate of profit in Keynesian capital theory. Both topics merge in a critical review of Keyness vision of the "euthanasia of the rentier". The data show however that we have not reached a state of capital satiation. The rising gap between the rate of profit and the rate of interest poses a challenge for capital theory.
Social capital from an individual perspective
(2018) Neidhardt, Jan; Ahlheim, Michael
Three contributions to the social capital literature are presented in this thesis: Firstly, a concept of social capital that is compatible with the individual perspective prominent in neoclassical economics is identified. Secondly, a new tool to measure individual social capital is developed and applied. Thirdly, results on the distributional effects of a great number of predictors on individual level social capital are obtained and discussed for a representative sample of the German resident population.