Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324103 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 77 [Issue:] 308 [Year:] 2024 [Pages:] 105-119
Publisher: 
Associazione Economia civile, Rome
Abstract: 
We explore the shifting allegiances in the traditional conflict between capital and labor. This shift is created by finance: the distinction between financial and nonfinancial firms has become elusive. Our focus is on the worker who voluntarily or involuntarily transforms into a rentier. We embed the choices of capital and labor in state-space representations of a general macro model: one state equation is the accumulation of wealth, the other is the accumulation of capital. The 'euthanasia of the rentier' and the pick of the capital accumulation regime is determined by government choice of the interest rate.
Subjects: 
green investment
predatory finance
rent
JEL: 
B50
C72
E12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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