The Circulation of Bank Capital and the General Rate of Interest

被引:1
|
作者
Saros, Daniel E. [1 ]
机构
[1] Valparaiso Univ, Valparaiso, IN 46383 USA
关键词
bank capital; finance capital; general rate of interest; interest-bearing capital; market rate of interest;
D O I
10.1177/0486613412458647
中图分类号
F [经济];
学科分类号
02 ;
摘要
Marxian economists have long asserted the impossibility of discovering an economic law at work in capitalist economies that determines a natural rate of interest. Without contradicting Marx's claim that it is competition in the money capital market that determines the interest rate, it is possible to identify the general rate of interest with greater precision. To make this argument, this article investigates the connection between two interlocking circuits of finance capital.
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页码:149 / 161
页数:13
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