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Publications on Distributed profit

There is 1 publication for Distributed profit.
  • The Common Error of Common Sense

    Working Paper No. 731 | September 2012
    An Essential Rectification of the Accounting Approach

    This paper takes the explanatory superiority of the integrated monetary approach for granted. It will be demonstrated that the accounting approach could do even better, provided it frees itself from theoretically ill-founded notions like GDP and other artifacts of the equilibrium approach. National accounting as such does not provide a model of the economy but is, rather, the numerical reflex of the underlying theory. It is this theory that will be scrutinized, rectified, and ultimately replaced in what follows. The formal point of reference is “the integrated approach to credit, money, income, production and wealth” of Wynne Godley and Marc Lavoie.

    Associated Program:
    Egmont Kakarot-Handtke

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