In this paper, I extend Fred Moseley’s algebraic summary of the macro-monetary interpretation (MMI) of Marxian theory to explicitly incorporate the equality between the input and output prices, and examine some of the mathematical properties of the input-output model of the MMI that emerges...

The article presents a method for the calculation of selected economy‐wide material flow indicators (namely, direct material input [DMI] and raw material input [RMI]) for economic sectors. Whereas sectoral DMI was calculated using direct data from statistics, we applied a concept of total...

Drastic public health measures such as social distancing or lockdowns can reduce the loss of human life by keeping the number of infected individuals from exceeding the capacity of the health care system but are often criticized because of the social and the economic cost they entail. We...

The European Commission identified trade policy as a core component of the European Union's 2020 Strategy. The fast changing global economy, characterised by the dynamic creation of business opportunities and increasingly complex production chains, means that it is now even more important to...