Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29536 
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dc.contributor.authorKeen, Steveen
dc.date.accessioned2010-01-06-
dc.date.accessioned2010-01-12T16:01:26Z-
dc.date.available2010-01-12T16:01:26Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/29536-
dc.description.abstractBruun and Heyn-Johnsen (2009) state the paradox that economics has failed to provide a satisfactory explanation of how monetary profits are generated, even though the generation of a physical surplus is an established aspect of non-neoclassical economics. They emphasise that our ability to explain phenomena like the Global Financial Crisis (GFC) will be limited while ever we are still unable to explain this fundamental aspect of capitalism. In fact this paradox can be solved very simply, using insights from what is known as Circuit Theory. In this paper the author shows how monetary profits are generated, and introduces a multisectoral dynamic disequilibrium monetary model of production.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2010-2en
dc.subject.jelE12en
dc.subject.jelE17en
dc.subject.jelE20en
dc.subject.jelE51en
dc.subject.ddc330en
dc.subject.keywordEndogenous moneyen
dc.subject.keywordcircuit theoryen
dc.subject.stwGeldtheorieen
dc.subject.stwKredittheorieen
dc.subject.stwGewinnen
dc.subject.stwUngleichgewichtstheorieen
dc.subject.stwDynamisches Modellen
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwTheorieen
dc.titleSolving the paradox of monetary profits-
dc.typeWorking Paperen
dc.identifier.ppn61580876Xen
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:20102en

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