The Existence of Monetary Profits within the Monetary Circuit

Louis-Philippe Rochon

Chapter 8 in The Monetary Theory of Production, 2005, pp 125-138 from Palgrave Macmillan

Abstract: Abstract The many writings of Augusto Graziani have had a large influence on a generation of younger economists who have taken his writings to heart. In my own case, I have been seduced by many of his ideas on the monetary circuit including his perceptive analysis of initial and final finance. In this chapter, I would like to turn to a topic that has raised considerable debate and on which Professor Graziani had much to contribute.

Keywords: Bank Credit; Household Saving; Final Finance; Bank Debt; Effective Demand (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1057/9780230523074_9

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