The emergence of profit and interest in the monetary circuit

Efficient progress of the monetary theory of production (MTP) is hampered by an unsatisfactory account of how profit and interest emerge in the monetary circuit. As matter of fact, this question puzzled already the classics. It seems evident that it cannot be answered by applying the usual tools. The present paper’s purpose is to overcome the deadlock. This is done by setting the circulation approach on general structural axiomatic foundations.

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Year of publication:	2012-02-11
Authors:	Kakarot-Handtke, Egmont
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	new framework of concepts \| structure-centric \| axiom set \| monetary circuit \| quantity of money \| transaction money \| profit \| distributed profit \| rate of interest \| profit ratio equalization \| profit and interest puzzle

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E19 - General Aggregative Models. Other ; B59 - Current Heterodox Approaches. Other ; E40 - Money and Interest Rates. General ; B41 - Economic Methodology
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011259567