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Free Cash, Capital Accumulation and Inequality (Routledge Frontiers of Political Economy) by Craig Allan Medlen is a nonfiction available to read on EtoBox.

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"Investment is the engine of growth. In consequence, the social welfare of the populace depends on the expectations of uncertain profitability as understood by the agents of a wealthy few who decide upon levels of investment. As private wealth is intimately tied to the investment process, the importance of wealth concentration goes far beyond considerations of equity. In recent years, private economic power has become increasingly concentrated as more of the population has become dependent upon an elite pursuing private ends. In this context, this book examines the role of capital accumulation in various historical contexts. Over seventy years ago, Michal Kalecki derived the mathematical relationship between government deficits, the external trade account and free cash--defined as the gross profit over and above that portion ploughed back into new investment. Since then, the free cash literature has remained largely within an industrial organizational context where free cash theory has helped to explain mergers. In contrast, this book, revisits Kalecki's free cash construction at the macro and global level and explores the various causes and effects of free cash on the economy. As

Who reads Free Cash, Capital Accumulation and Inequality (Routledge Frontiers of Political Economy)?

Author

Craig Allan Medlen

Publisher

Routledge

Published

2018

Language

EN

ISBN

9781351685498

Category

nonfiction

Subjects

Economics, Business, History

Updated

2026-03-24