1. Switchover mode of reproduction and the problem of coordination
- Author
-
Vladimir Ivanovich Mayevsky and This paper was prepared with the financial support from the Russian Science Foundation (Project No. 14-18-02948).
- Subjects
switchover mode of reproduction ,Labour economics ,coordination ,capital ,SWITCHOVER MODE OF REPRODUCTION ,Reproduction (economics) ,CIRCULATION ,Switchover ,Fixed capital ,lcsh:Regional economics. Space in economics ,reproduction ,DEPRECIATION ,CAPITAL ,Economics ,Circulation (currency) ,fixed capital ,General Environmental Science ,Mode of reproduction ,COORDINATION ,model ,Depreciation ,Monetary policy ,MONEY ,General Social Sciences ,General Medicine ,General Business, Management and Accounting ,lcsh:HT388 ,MODEL ,depreciation ,REPRODUCTION ,Capital (economics) ,money ,circulation ,Economic system ,General Economics, Econometrics and Finance ,FIXED CAPITAL - Abstract
The proposed version of macroeconomic theory of capital reproduction is related to thethesis that the dynamics of the economy are caused by the change in generations of capital and there is a problem of coordination between these generations. This paper discusses the so-called “switchover mode of reproduction”. As shown by the mathematical model, a coordinated growth is possible when the social and economic interests are agreed between the labor and the capital, as well as under a monetary policy that stimulates such growth. An uncoordinated growth poses a threat of economic crisis. This paper was prepared with the financial support from the Russian Science Foundation (Project No. 14-18-02948).
- Published
- 2015