{"id":18017,"date":"2019-01-11T16:13:00","date_gmt":"2019-01-11T22:13:00","guid":{"rendered":"https:\/\/intranet2.valpo.edu\/cital\/?post_type=professorial_lecture&#038;p=18017"},"modified":"2025-02-20T16:14:14","modified_gmt":"2025-02-20T22:14:14","slug":"an-unorthodox-analysis-of-monetary-and-fiscal-policy","status":"publish","type":"professorial_lecture","link":"https:\/\/intra.valpo.edu\/cital\/professorial-lecture\/an-unorthodox-analysis-of-monetary-and-fiscal-policy\/","title":{"rendered":"An Unorthodox Analysis of Monetary and Fiscal Policy"},"content":{"rendered":"\n<p>Mainstream economic analysis omits references to social classes and class conflict. This omission shapes its interpretation of capitalist economies and the types of policies&nbsp;that mainstream economists favor. By contrast, I have developed an economic theory that is rooted in the conflict between industrialist capitalists, financial capitalists, and the&nbsp;working class. My analysis reveals the factors that determine the general rate of interest, and I show how the profit that workers produce is distributed between the industrial and&nbsp;financial sectors. Using this framework, I explain how the three monetary policy tools of the central bank may be used to alter the general rate of interest. I also explain how&nbsp;government deficit spending leads to a conflict over whether workers or capitalists will bear the burden of interest payments on the government debt.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Mainstream economic analysis omits references to social classes and class conflict. This omission shapes its interpretation of capitalist economies and the types of policies&nbsp;that mainstream economists favor. By contrast, I have developed an economic theory that is rooted in the conflict between industrialist capitalists, financial capitalists, and the&nbsp;working class. My analysis reveals the factors that&hellip;<\/p>\n","protected":false},"author":5,"featured_media":6054,"template":"","academic_year":[174],"class_list":["post-18017","professorial_lecture","type-professorial_lecture","status-publish","has-post-thumbnail","hentry","academic_year-2019-2020"],"uagb_featured_image_src":{"full":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"thumbnail":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1-150x150.png",150,150,true],"medium":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"medium_large":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"large":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"1536x1536":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"2048x2048":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false],"Profile":["https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png",220,297,false]},"uagb_author_info":{"display_name":"heather.bricker@valpo.edu","author_link":"https:\/\/intra.valpo.edu\/cital\/author\/heather-brickervalpo-edu\/"},"uagb_comment_info":0,"uagb_excerpt":"Mainstream economic analysis omits references to social classes and class conflict. This omission shapes its interpretation of capitalist economies and the types of policies&nbsp;that mainstream economists favor. By contrast, I have developed an economic theory that is rooted in the conflict between industrialist capitalists, financial capitalists, and the&nbsp;working class. My analysis reveals the factors that&hellip;","featured_img":"https:\/\/intra.valpo.edu\/cital\/wp-content\/uploads\/sites\/13\/2024\/11\/Picture5-1.png","coauthors":[],"author_meta":{"author_link":"https:\/\/intra.valpo.edu\/cital\/author\/heather-brickervalpo-edu\/","display_name":"heather.bricker@valpo.edu"},"relative_dates":{"created":"Posted 7 years ago","modified":"Updated 1 year ago"},"absolute_dates":{"created":"Posted on January 11, 2019","modified":"Updated on February 20, 2025"},"absolute_dates_time":{"created":"Posted on January 11, 2019 4:13 pm","modified":"Updated on February 20, 2025 4:14 pm"},"featured_img_caption":"","tax_additional":{"academic_year":{"linked":["<a href=\"https:\/\/intra.valpo.edu\/cital\/academic-year\/2019-2020\/\" class=\"advgb-post-tax-term\">2019-2020<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">2019-2020<\/span>"],"slug":"academic_year","name":"Academic Years"}},"series_order":"","_links":{"self":[{"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/professorial_lecture\/18017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/professorial_lecture"}],"about":[{"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/types\/professorial_lecture"}],"version-history":[{"count":1,"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/professorial_lecture\/18017\/revisions"}],"predecessor-version":[{"id":18018,"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/professorial_lecture\/18017\/revisions\/18018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/media\/6054"}],"wp:attachment":[{"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/media?parent=18017"}],"wp:term":[{"taxonomy":"academic_year","embeddable":true,"href":"https:\/\/intra.valpo.edu\/cital\/wp-json\/wp\/v2\/academic_year?post=18017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}