Free Cash, Capital Accumulation and Inequality by Craig Allan... - 9780367586331

Free Cash, Capital Accumulation and InequalityAuthor(s): Craig Allan Medlen\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367586331, 978-0367586331\nSynopsis\nInvestment 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.\n\nOver seventy years ago, Michal Kalecki derived the mathematical relationship between government deficits, the external trade account and free ca.