Refutations of Say’s Law and Dynamics of a Monetary Economy of Production (Record no. 133513)

MARC details
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fixed length control field 01473nas a2200229Ia 4500
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fixed length control field 240802c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0486-6134
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Cottin-Euziol, Edouard
9 (RLIN) 119607
245 #0 - TITLE STATEMENT
Title Refutations of Say’s Law and Dynamics of a Monetary Economy of Production
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Review of Radical Political Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 101-115
520 ## - SUMMARY, ETC.
Abstract In a monetary economy of production, Say's law is invalid for several reasons. Based on some refutations, it is possible to state that revenues generated by the production process are structurally lower than the supply price of production, which means that firms create insufficient purchasing power to buy what they produce. Herein, we study the dynamics of such an economy and obtain two main results. First, the long-term debt level of that economy must increase during a growth phase to enable demand to grow at the same pace as supply. Second, because of the repayment of this debt, the gap between supply and net revenues generated by the production process widens along a growth phase.JEL Classification: E12, E2, E30, E42, G21
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Bank Credit
9 (RLIN) 4055
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Bank Debt
9 (RLIN) 119608
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Growth Phase
9 (RLIN) 119609
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Circuit Theory
9 (RLIN) 119610
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Economy of Production
9 (RLIN) 119611
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Say’s Law
9 (RLIN) 102410
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Piluso, Nicolas
9 (RLIN) 119612
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1177/04866134231179758">https://doi.org/10.1177/04866134231179758</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133513
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 02/08/2024 Vol. 56, No. 1   AI166 02/08/2024 02/08/2024 Article Index