Studies in profit and capital formation: An alternative theory of distribution

Andrea Carrera
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Andrea Carrera: University of Lugano, Department of Monetary Economics, Switzerland

Cuadernos de Economía - Spanish Journal of Economics and Finance, 2015, vol. 38, issue 106, 1-10

Abstract: A study is presented on production, consumption, and the investment of profit in a closed economy over a two-week period. Bernard Schmitt's analysis of production and capital formation was applied to numerical and theoretical examples. The broad objective of this inquiry is to detect apparent formal coincidences between Nicholas () formalization of the General Theory (1936) and the analytical formulation of the theory of the monetary circuit. () model is considered as a special case among those contemplated by Schmitt's monetary theory.

Keywords: Profit; theory.; Capital; theory.; History; of; economic; thought. (search for similar items in EconPapers)
JEL-codes: E21 E22 E23 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cud:journl:v:38:y:2015:i:106:p:1-10

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