Equilibrium, Order and Monetary Profits : Business Failure as a Vital Macroeconomic Need

One of the oldest and most awkward conundrums of monetary theory concerns the realization and accumulation of profit in money terms for the aggregate of firms. This paper aims to show that an analysis based on a weak concept of equilibrium as ‘order’, capable of accounting for business failure as a vital macroeconomic phenomenon, can lead to the solution of this conundrum without recourse to any ad hocery

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Year of publication:	2009
Authors:	Messori, Marcello ; Zazzaro, Alberto
Publisher:	[S.l.] : SSRN
Subject:	Gewinn \| Profit \| Unternehmenserfolg \| Firm performance \| Insolvenz \| Insolvency \| Geldwirtschaft \| Monetary economy \| Kapitaltheorie \| Capital theory
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Rivista Italiana degli Economisti, Vol. 3, December 2007 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2007 erstellt Volltext nicht verfügbar
Classification:	B50 - Current Heterodox Approaches. General ; E12 - Keynes; Keynesian; Post-Keynesian ; E19 - General Aggregative Models. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014199710