The Growth Spiral : Money, Energy, and Imagination in the Dynamics of the Market Process

Online-Ressource (XII, 165 p. 10 illus, digital)

Description based upon print version of record

The Growth Spiral; Money, Energy, and Imagination in the Dynamics of the Market Process; Preface to the German Edition; Preface to the English Edition; Contents; 1: Introduction; Part I: Money and the Market; 2: The Difference Between Market and Barter: Money and the Making of Markets; 3: Capital and the Firm: The Firm as the Engine of the Market Process; 3.1 Capital as a Promotion Factor; 3.2 The Market as a Dynamic Process; 3.3 Fixed and Variable Capital: The Inclusion of Produced Means of Production in the Production Process and the Impact on the Legal Form of the Firm

4: Money and Money Creation in a Two-Stage Banking System4.1 The Increase of the Money Supply by the Creation of Money through Credit; 4.2 Interest in the Modern Monetary Economy: Interest as the Price of Credit; Part II: Market and Production; 5: The Development of the Theories of Production: Valid Insights and Shortcomings; 5.1 Overview of the Theories of Production; 5.2 The Net Product Theory of the Physiocratic School Based on the Value Theory of Land - Supplemented by a Value Theory of Imagination

5.3 The Net Product Theory of the Mercantilist and the Classical Economic Doctrines Based on the Value Theory of Labor5.4 Marginal Productivity Theory Versus Net Product or Surplus Theory; 5.5 The Net Product Theory Rediscovered by Piero Sraffa; 5.6 The Historical School and Its Further Development: Alternative Contributions to the Theory of Production; 5.7 Conclusion; 6: Production Involving Nature and Imagination; 6.1 Production on a Limited Scale: Traditional Agriculture as a Basis for the Neoclassical Model of a Robinson Crusoe Economy

6.2 The Expansion of the Resource Base in the Modern Economy6.3 Imagination as an Intellectual Resource; 6.4 Conclusion; 7: Income Distribution in the Process of Growth; 7.1 The Distribution of the Social Product on the Basis of the Net Product or Surplus Theory; 7.2 From the Nominal Social Product to the Effective Social Product: Amount and Distribution; 7.3 Conclusion; Part III: Money and Production in the Dynamics of the Growth Spiral: Growth Imperative and Growth Impetus; 8: From the Theory of Growth to the Theory of the Growing Economy; 9: The Economic Process as a Growth Spiral

10: The Increase of the Present Value of Profits as the Growth Impetus11: The Avoidance of Losses as the Growth Imperative; 12: Growth Opportunities and Growth Obstacles: The Role of the State; 13: Summary and Outlook; Bibliography

10.1007/978-3-642-31881-8 [DOI]

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