Profit, Interest, and Wages in the Monetary Circuit

John Smithin

International Journal of Political Economy, 2023, vol. 52, issue 3-4, 282-296

Abstract: This paper reconsiders the work of Professor Alain Parguez (1940–2022) in the fields of macroeconomic policy, international political economy, and the theory of the monetary circuit, from the point of view of social ontology. It presents a stylized numerical example, involving bank balance sheets and the income statements of non-bank firms, to illustrate the issues that are at stake.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mes:ijpoec:v:52:y:2023:i:3-4:p:282-296

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DOI: 10.1080/08911916.2023.2280366

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