The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited

Louis-Philippe Rochon

Chapter 4 in The Political Economy of Monetary Circuits, 2009, pp 56-76 from Palgrave Macmillan

Abstract: Abstract In previous work (Rochon, 2005), I examined the problem pertaining to the monetary realization of profits, arguing that, at the macroeconomic level, profits arise as firms are able to finance part of their investment through bank lending, and can repay the totality of the bank loan over several periods of production. This solution avoided the so-called ‘opening-up’ fallacy, to wit, relying on some external explanation or sector in order to generate macroeconomic profits.

Keywords: Banking System; Banking Sector; Capital Good; Bank Loan; Interest Payment (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24572-3_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230245723

DOI: 10.1057/9780230245723_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().