Squaring the investment cycle

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper replaces the standard behavioral axioms by structural axioms and applies these to the analysis of the accumulation and decumulation of capital. This yields a coherent view of the interrelations of real and nominal saving–investment, of profit–loss, of money–credit, and of internal–external financing. The main result is that asymmetric growth is indispensable for the viability of the market system.

Keywords: New framework of concepts; Structure-centric; Axiom set; Symmetric investment cycle; Asymmetric investment cycle; Flux-reflux; Real rate of interest; Nominal rate of profit; Financial profit; Nonfinancial profit; Roundaboutness (search for similar items in EconPapers)
JEL-codes: E10 E21 E22 E23 E40 (search for similar items in EconPapers)
Date: 2011-08-18
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/32895/1/MPRA_paper_32895.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/32904/1/MPRA_paper_32904.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33442/1/MPRA_paper_33442.pdf revised version (application/pdf)

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:pra:mprapa:32895

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().