Some Simple, Consistent Models of the Monetary Circuit

We address the finance motive and the determination of profits in the Monetary Theory of Production associated with the Circuitist School. We show that the “profit paradox” puzzle addressed by many authors who adopt this approach can be solved by integrating a simple Circuit model with a consistent set of stock-flow accounts. We then discuss how to reconcile some crucial differences between the Circuit approach and other Keynesian and post-Keynesian models.

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Year of publication:	2004-05-07
Authors:	Zezza, Gennaro
Institutions:	EconWPA
Subject:	endogenous money \| monetary circuit \| determination of profits

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Extent:	application/pdf
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 15 15 pages
Classification:	E1 - General Aggregative Models ; E12 - Keynes; Keynesian; Post-Keynesian ; E25 - Aggregate Factor Income Distribution
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005076750