Refutations of Say’s Law and Dynamics of a Monetary Economy of Production
Author
Abstract
Suggested Citation
DOI: 10.1177/04866134231179758
Download full text from publisher
References listed on IDEAS
- Jean-Francois Renaud, 2000. "The Problem of the Monetary Realization of Profits in a Post Keynesian Sequential Financing Model: Two solutions of the Kaleckian option," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 285-303.
- Louis-Philippe Rochon, 1999. "The Creation and Circulation of Endogenous Money: A Circuit Dynamique Approach," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(1), pages 1-21, March.
- Marc Lavoie, 2014. "Post-Keynesian Economics: New Foundations," Post-Print hal-01343652, HAL.
- Edouard Cottin-Euziol & Nicolas Piluso, 2023.
"Stock-Flow Consistent Model with Repayment of Bank Loans Used to Finance Past Investments,"
Review of Political Economy, Taylor & Francis Journals, vol. 35(2), pages 454-475, April.
- Edouard Cottin-Euziol & Nicolas Piluso, 2021. "Stock-Flow Consistent Model with Repayment of Bank Loans Used to Finance Past Investments," Post-Print hal-03779741, HAL.
- Edouard Cottin-Euziol & Louis-Philippe Rochon, 2013. "Circuit with Multi-period Credit," Review of Political Economy, Taylor & Francis Journals, vol. 25(3), pages 461-475, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Edouard Cottin-Euziol & Nicolas Piluso, 2020. "Revenues and demand in a monetary economy of production [Revenus et demande dans une économie monétaire de production]," Working Papers hal-02511407, HAL.
- Edouard Cottin-Euziol & Hassan Bougrine & Louis-Philippe Rochon, 2024. "The reflux phase in monetary circuit theory and stock–flow consistent models," Post-Print hal-04420693, HAL.
- Botte, Florian & Dallery, Thomas, 2019.
"Analyse systématique du modèle de Bhaduri et Marglin à prix flexibles : « Ça dépend de la valeur des paramètres » [Systematic analysis of the Bhaduri-Marglin Model with flexible prices: « It depend,"
Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
- Florian Botte & Thomas Dallery, 2019. "Analyse systématique du modèle de Bhaduri-Marglin à prix flexibles. "Ca dépend de la valeur des paramètres"," Post-Print hal-02335695, HAL.
- Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017.
"Stock-Flow Consistent Macroeconomic Models: A Survey,"
Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
- Gennaro Zezza & Michalis Nikiforos, 2017. "Stock-flow Consistent Macroeconomic Models: A Survey," EcoMod2017 10762, EcoMod.
- Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-flow Consistent Macroeconomic Models: A Survey," Economics Working Paper Archive wp_891, Levy Economics Institute.
- Rezai, Armon & Stagl, Sigrid, 2016.
"Ecological Macreconomics: Introduction and Review,"
Ecological Economic Papers
9, WU Vienna University of Economics and Business.
- Armon Rezai & Sigrid Stagl, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economics Papers ieep9, Institute of Ecological Economics.
- Siemoneit, Andreas, 2023. "Growth imperatives as a conflict between efficiency and justice," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 301394, February.
- repec:clr:wugarc:y:2016v:42i:04p:617 is not listed on IDEAS
- Giandomenica Becchio, 2020. "The Two Blades of Occam's Razor in Economics: Logical and Heuristic," Economic Thought, World Economics Association, vol. 9(1), pages 1-17, July.
- Nieto, Jaime & Carpintero, Óscar & Miguel, Luis J. & de Blas, Ignacio, 2020. "Macroeconomic modelling under energy constraints: Global low carbon transition scenarios," Energy Policy, Elsevier, vol. 137(C).
- Reddy, Niall, 2024. "“Downsize And Distribute” Or “Merge And Monopolize”? A Critique Of Corporate Financialization Theories," SocArXiv 2zy5h_v1, Center for Open Science.
- Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
- Louis-Philippe Rochon & Guillaume Vallet, 2022.
"The institutions of the people, by the people and for the people? Addressing central banks' power and social responsibility in a democracy,"
PSL Quarterly Review, Economia civile, vol. 75(301), pages 83-102.
- Louis-Philippe Rochon & Guillaume Vallet, 2022. "The institutions of the people, by the people and for the people? Addressing central banks’ power and social responsibility in a democracy," Post-Print halshs-03757706, HAL.
- Schoder, Christian, 2020.
"A Keynesian Dynamic Stochastic Disequilibrium model for business cycle analysis,"
Economic Modelling, Elsevier, vol. 86(C), pages 117-132.
- Christian Schoder, 2017. "A Keynesian Dynamic Stochastic Disequilibrium model for business cycle analysis," Working Papers 1701, New School for Social Research, Department of Economics.
- Diarmid Weir, 2013. "Fiat Money, Individual Rationality and Production," Metroeconomica, Wiley Blackwell, vol. 64(4), pages 573-590, November.
- Mark Setterfield & Yun K. Kim, 2017.
"Household borrowing and the possibility of 'consumption-driven, profit-led growth',"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(1), pages 43-60, January.
- Mark Setterfield & Yun K. Kim, 2016. "Household Borrowing and the Possibility of “Consumption-Driven, Profit-Led Growth"," Working Papers 1601, New School for Social Research, Department of Economics.
- Mark Setterfield & Yun K. Kim, 2016. "Household Borrowing and the Possibility of Consumption- Driven, Profit-Led Growth," Working Papers Series 39, Institute for New Economic Thinking.
- Michalis Nikiforos & Simon Grothe & Jan David Weber, 2024. "Markups, profit shares, and cost-push-profit-led inflation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(2), pages 342-362.
- Christos Pierros, 2021. "Assessing the internal devaluation policy implemented in Greece in an empirical stock‐flow consistent model," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 905-943, November.
- Nathalie Lazaric & Pasquale Tridico & Sebastiano Fadda, 2020.
"Governing structural changes and sustainability through (new) institutions and organizations,"
Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1267-1273, November.
- Nathalie Lazaric & Pasquale Tridico & Sebastiano Fadda, 2020. "Governing structural changes and sustainability through (new) institutions and organizations," Post-Print halshs-02985475, HAL.
- Jo, Tae-Hee & Todorova, Zdravka, 2015.
"Frederic S. Lee’s Contributions to Heterodox Economics,"
MPRA Paper
62568, University Library of Munich, Germany.
- Tae-Hee Jo & Zdravka Todorova, 2015. "Frederic S. Lee's contributions to heterodox economics," Working Papers PKWP1504, Post Keynesian Economics Society (PKES).
- Phil Armstrong, 2020. "Can Heterodox Economics Make a Difference?," Books, Edward Elgar Publishing, number 19964, March.
- Heise, Arne, 2018.
"Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung,"
ZÖSS-Discussion Papers
69, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
- Heise, Arne, 2019. "Postkeynesianismus Ein heterodoxer Ansatz auf der Suche nach einer Fundierung [Post Keynesianism - A heterodox Approach in Search of First Principles]," MPRA Paper 98488, University Library of Munich, Germany.
More about this item
Keywords
Say’s law; monetary economy of production; growth phase; bank credit; bank debt; monetary circuit theory;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- 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
Statistics
Access and download statisticsCorrections
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:sae:reorpe:v:56:y:2024:i:1:p:101-115. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.