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 purpose of the present paper is to overcome the obstacle. This is done by setting the circulation approach on general structural axiomatic foundations

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Year of publication:	2015
Authors:	Kakarot-Handtke, Egmont
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Bargeld \| Cash \| Gewinn \| Profit \| Geldtheorie \| Monetary theory \| Schwellenländer \| Emerging economies

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