IDEAS home Printed from https://ideas.repec.org/a/ris/ejessy/0070.html
   My bibliography  Save this article

The Role of Banks in the (over-)Accumulation of Capital

Author

Listed:
  • Rossi, Sergio

    (University of Fribourg)

Abstract

This paper points out the distinction between money (a flow) and deposits (stocks of wealth), explaining the formation and then expenditure of monetary profits in the production process. In the present structure of banks' bookkeeping, money and technology are elements of a pathology (capital over-accumulation) whose outcomes are inflation and unemployment.

Suggested Citation

  • Rossi, Sergio, 2008. "The Role of Banks in the (over-)Accumulation of Capital," European Journal of Economic and Social Systems, Lavoisier, vol. 21(2), pages 213-231.
    • Handle: RePEc:ris:ejessy:0070
    as

    Download full text from publisher

    File URL: http://ejess.revuesonline.com/article.jsp?articleId=13146
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Banks; Capital Accumulation; Inflation; Payments System; Unemployment;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ejessy:0070. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefano Lucarelli (email available below). General contact details of provider: http://ejess.revuesonline.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.