The Role of Banks in the (over-)Accumulation of Capital

Sergio Rossi ()
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Sergio Rossi: University of Fribourg

European Journal of Economic and Social Systems, 2008, vol. 21, issue 2, 213-231

Abstract: This paper points out the distinction between money (a flow) and deposits (stocks of wealth), explaining the formation and then expenditure of monetary profits in the production process. In the present structure of banks' bookkeeping, money and technology are elements of a pathology (capital over-accumulation) whose outcomes are inflation and unemployment.

Keywords: Banks; Capital Accumulation; Inflation; Payments System; Unemployment (search for similar items in EconPapers)
JEL-codes: B51 E22 E24 E31 E42 G21 O42 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ejessy:0070

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