Ellermann, Christoph; Lindner, Fabian; Reissl, Severin; … - In: European Journal of Economics and Economic Policies: … 14 (2017) 1, pp. 13-22
German economist Wolfgang Stützel in 1958, which follows in this issue. While not a quantitative model, Stützel's 'balance … mechanics' has some features which still stand out today when compared with contemporary SFC literature. Among these strengths … propositions which are true at different levels of aggregation, so as to avoid fallacies of composition. We argue that 'balance …