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- W2022203219 abstract "Abstract In a paper published in this journal, Giuseppe Ciccarone (2004) Ciccarone, G. 2004. Finance and the Cambridge equation. Review of Political Economy, 16: 163–177. [Google Scholar] attempts to show that the Pasinetti theorem allows for the profit-making financial sector. In this effort, however, he ends up unwittingly associating the theorem with the Wicksellian monetary theory. The present note traces the origin of this uncomfortable association to his incomplete understanding of the income of financial capitalists, and demonstrates that the Pasinetti theorem is in the Post-Keynesian tradition of ‘monetary analysis’, in contrast to the ‘real analysis’ of the Wicksellian theory." @default.
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- W2022203219 date "2008-07-01" @default.
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- W2022203219 title "Finance and the Cambridge Equation: A Comment" @default.
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- W2022203219 doi "https://doi.org/10.1080/09538250802170442" @default.
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