EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/29536
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKeen, Steveen_US
dc.date.accessioned2010-01-06en_US
dc.date.accessioned2010-01-12T16:01:26Z-
dc.date.available2010-01-12T16:01:26Z-
dc.date.issued2010en_US
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_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers 2010-2en_US
dc.subject.jelE12en_US
dc.subject.jelE17en_US
dc.subject.jelE20en_US
dc.subject.jelE51en_US
dc.subject.ddc330en_US
dc.subject.keywordEndogenous moneyen_US
dc.subject.keywordcircuit theoryen_US
dc.subject.stwGeldtheorieen_US
dc.subject.stwKredittheorieen_US
dc.subject.stwGewinnen_US
dc.subject.stwUngleichgewichtstheorieen_US
dc.subject.stwDynamisches Modellen_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwTheorieen_US
dc.titleSolving the paradox of monetary profitsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn61580876Xen_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:20102-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

Files in This Item:
File Description SizeFormat
61580876X.pdf453.65 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.