Matches in SemOpenAlex for { <https://semopenalex.org/work/W2175264770> ?p ?o ?g. }
- W2175264770 endingPage "106" @default.
- W2175264770 startingPage "106" @default.
- W2175264770 abstract "Efficient progress of the monetary theory of production (MTP) is hampered by an unsatisfactory account of how profit and interest emerge in the monetary circuit. As matter of fact, this question puzzled already the classics. It seems evident that it cannot be answered by applying the usual tools. The present paper's purpose is to overcome the deadlock. This is done by setting the circulation approach on general structural axiomatic foundations. It is the purpose of the present paper to solve these conundrums. This is done by setting the circulation approach on a comprehensive axiomatic foundation. The general thesis says that human behavior does not yield to the axiomatic method (this rules out the standard approach), yet the axiomatization of the money economy's fundamental structure is feasible. The general case for structural axiomatization has been made elsewhere (2011a), (2011b), thus we can immediately take up circuit theory as specific application. The formal ground is prepared in Section 1. The analytical point of departure, Schumpeter's 'reasonably small number of equations connecting a reasonably small number of variables', is given with the structural axiom set which represents the pure consumption economy. In Sections 0 and 0 the relations between the household and the business sector's respective stock of money, the quantity of money, and the average stock of transaction money are defined. In Sections 0 and 0 the connection between profit, distributed profit, retained profit and saving is established. This yields the general complementary relation between retained profit and saving-dissaving. In Section 0 the self-reproducing process of profit origination and distribution is constituted. In the final part, Sections 0 to 0 the transaction and banking unit of the central bank are introduced. This enables the determination of all prices and the loan interest rate under the conditions of, at first, zero profit, and then under positive overall profits. Section 0 concludes." @default.
- W2175264770 created "2016-06-24" @default.
- W2175264770 creator A5007376827 @default.
- W2175264770 date "2013-02-07" @default.
- W2175264770 modified "2023-09-28" @default.
- W2175264770 title "The emergence of profit and interest in the monetary circuit" @default.
- W2175264770 cites W157997382 @default.
- W2175264770 cites W1582379299 @default.
- W2175264770 cites W1739328790 @default.
- W2175264770 cites W1896546706 @default.
- W2175264770 cites W2013860961 @default.
- W2175264770 cites W2096486405 @default.
- W2175264770 cites W2102372516 @default.
- W2175264770 cites W2111687951 @default.
- W2175264770 cites W2116204467 @default.
- W2175264770 cites W2117145111 @default.
- W2175264770 cites W2144094241 @default.
- W2175264770 cites W2146706788 @default.
- W2175264770 cites W2147993038 @default.
- W2175264770 cites W2282449223 @default.
- W2175264770 cites W2323266160 @default.
- W2175264770 cites W2414179718 @default.
- W2175264770 cites W2460196409 @default.
- W2175264770 cites W2474526745 @default.
- W2175264770 cites W2478361974 @default.
- W2175264770 cites W2495455149 @default.
- W2175264770 cites W2495924841 @default.
- W2175264770 cites W2499277577 @default.
- W2175264770 cites W2506877516 @default.
- W2175264770 cites W2798421831 @default.
- W2175264770 cites W3121416246 @default.
- W2175264770 cites W3123452209 @default.
- W2175264770 cites W3125114525 @default.
- W2175264770 cites W3125889529 @default.
- W2175264770 cites W3125938075 @default.
- W2175264770 cites W3158179994 @default.
- W2175264770 cites W572890111 @default.
- W2175264770 hasPublicationYear "2013" @default.
- W2175264770 type Work @default.
- W2175264770 sameAs 2175264770 @default.
- W2175264770 citedByCount "0" @default.
- W2175264770 crossrefType "posted-content" @default.
- W2175264770 hasAuthorship W2175264770A5007376827 @default.
- W2175264770 hasConcept C125773388 @default.
- W2175264770 hasConcept C126285488 @default.
- W2175264770 hasConcept C127413603 @default.
- W2175264770 hasConcept C144237770 @default.
- W2175264770 hasConcept C162324750 @default.
- W2175264770 hasConcept C167729594 @default.
- W2175264770 hasConcept C175444787 @default.
- W2175264770 hasConcept C181622380 @default.
- W2175264770 hasConcept C204036174 @default.
- W2175264770 hasConcept C2524010 @default.
- W2175264770 hasConcept C2993719666 @default.
- W2175264770 hasConcept C33923547 @default.
- W2175264770 hasConcept C556758197 @default.
- W2175264770 hasConcept C78519656 @default.
- W2175264770 hasConceptScore W2175264770C125773388 @default.
- W2175264770 hasConceptScore W2175264770C126285488 @default.
- W2175264770 hasConceptScore W2175264770C127413603 @default.
- W2175264770 hasConceptScore W2175264770C144237770 @default.
- W2175264770 hasConceptScore W2175264770C162324750 @default.
- W2175264770 hasConceptScore W2175264770C167729594 @default.
- W2175264770 hasConceptScore W2175264770C175444787 @default.
- W2175264770 hasConceptScore W2175264770C181622380 @default.
- W2175264770 hasConceptScore W2175264770C204036174 @default.
- W2175264770 hasConceptScore W2175264770C2524010 @default.
- W2175264770 hasConceptScore W2175264770C2993719666 @default.
- W2175264770 hasConceptScore W2175264770C33923547 @default.
- W2175264770 hasConceptScore W2175264770C556758197 @default.
- W2175264770 hasConceptScore W2175264770C78519656 @default.
- W2175264770 hasIssue "2" @default.
- W2175264770 hasLocation W21752647701 @default.
- W2175264770 hasOpenAccess W2175264770 @default.
- W2175264770 hasPrimaryLocation W21752647701 @default.
- W2175264770 hasRelatedWork W131913589 @default.
- W2175264770 hasRelatedWork W1494976173 @default.
- W2175264770 hasRelatedWork W1544036570 @default.
- W2175264770 hasRelatedWork W1574700334 @default.
- W2175264770 hasRelatedWork W1657612230 @default.
- W2175264770 hasRelatedWork W1824635273 @default.
- W2175264770 hasRelatedWork W1866780145 @default.
- W2175264770 hasRelatedWork W2120168112 @default.
- W2175264770 hasRelatedWork W2137462898 @default.
- W2175264770 hasRelatedWork W2169187787 @default.
- W2175264770 hasRelatedWork W2242321664 @default.
- W2175264770 hasRelatedWork W3121462780 @default.
- W2175264770 hasRelatedWork W3121681028 @default.
- W2175264770 hasRelatedWork W3122895536 @default.
- W2175264770 hasRelatedWork W3124860725 @default.
- W2175264770 hasRelatedWork W3126082128 @default.
- W2175264770 hasRelatedWork W3149493882 @default.
- W2175264770 hasRelatedWork W342077214 @default.
- W2175264770 hasRelatedWork W2313339065 @default.
- W2175264770 hasRelatedWork W3122123407 @default.
- W2175264770 hasVolume "2013" @default.
- W2175264770 isParatext "false" @default.
- W2175264770 isRetracted "false" @default.