Economy as the value streams. Preliminary study

Andrzej Góralczyk

MPRA Paper from University Library of Munich, Germany

Abstract: Economy can be generally described as a bunch of value streams. At least a part of capital accumulation is assumed to be the consequence of value stream blockage, and a means too keep such blockage. Negative relation between capital accumulation and foreign trade balance coming out from this assumption is supported by the data from national accounts, and hence justify the idea of economy as the value streams. A lot of research ideas are following this assertion, most of them promising results useful for socio-economic policies, and for optimizing institutions and business practices in order to make them more conductive to capital flows.

Keywords: value streams; economic stability; economy growth; economic shocks; scaling in economy (search for similar items in EconPapers)
JEL-codes: A10 A12 B00 B50 C00 C50 E20 F01 O10 Y20 (search for similar items in EconPapers)
Date: 2014-03-17
New Economics Papers: this item is included in nep-hme and nep-mac
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