Firms’ Objectives, Macroeconomic Growth ...
Document type :
Article dans une revue scientifique
Permalink :
Title :
Firms’ Objectives, Macroeconomic Growth Regimes and Finance
Author(s) :
Dallery, Thomas [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Van Treeck, Till [Auteur]

Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Van Treeck, Till [Auteur]
Journal title :
Ekonomiaz
Volume number :
72
Pages :
p. 140-161
Publication date :
2009
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of ...
Show more >Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of these different stakeholders, we can distinguish different macroeconomic growth regimes characterized by the priority given to the realization of the dominant class’s objectives. In previous work (Dallery and van Treeck, 2008), we have analysed these different institutional configurations of capitalism, which we call Fordism and financialisation, within a formal stock-flow consistent macro model. Here, we focus more specifically on linking macroeconomic growth dynamics to our reassessment of the Post Keynesian theory of the firm. Based on this microeconomic analysis, we stress the risk of financial fragility and macroeconomic instability involved with financialised capitalism.Show less >
Show more >Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of these different stakeholders, we can distinguish different macroeconomic growth regimes characterized by the priority given to the realization of the dominant class’s objectives. In previous work (Dallery and van Treeck, 2008), we have analysed these different institutional configurations of capitalism, which we call Fordism and financialisation, within a formal stock-flow consistent macro model. Here, we focus more specifically on linking macroeconomic growth dynamics to our reassessment of the Post Keynesian theory of the firm. Based on this microeconomic analysis, we stress the risk of financial fragility and macroeconomic instability involved with financialised capitalism.Show less >
Language :
Anglais
Audience :
Internationale
Popular science :
Non
Administrative institution(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Research team(s) :
Économies et sociétés : développement, richesse, innovation et régulation
Submission date :
2023-07-07T09:29:18Z
2023-07-10T11:38:57Z
2023-07-10T11:38:57Z