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dc.contributor.authorBinswanger, Mathias
dc.date.accessioned2015-10-14T16:00:42Z
dc.date.available2015-10-14T16:00:42Z
dc.date.issued2015
dc.identifier.urihttp://hdl.handle.net/11654/10756
dc.identifier.urihttp://dx.doi.org/10.26041/fhnw-115
dc.description.abstractIn Binswanger (2009) it was shown that in a simple circular flow model of a pure credit economy, positive growth rates are necessary in the long run in order to enable firms to make profits in the aggregate. If the growth rate falls below a certain positive threshold level, firms will make losses. Certain aspects of this model are challenged by the papers of Zsolt Gilányi and Reeves Johnson in this issue of the Journal But nevertheless, both papers confirm the existence of a growth imperative in capitalist economies. This may be taken as evidence that the finding of a growth imperative is quite robust with respect to different model assumptions.
dc.description.urihttp://www.tandfonline.com/doi/full/10.1080/01603477.2015.1050333
dc.language.isoen_US
dc.relation.ispartofJournal of Post Keynesian Economics
dc.accessRightsAnonymous
dc.subjectbank money, credit, growth, profits
dc.subject.ddc330 - Wirtschaftde
dc.titleThe growth imperative revisited: a rejoinder to Gilányi and Johnson
dc.type01 - Zeitschriftenartikel, Journalartikel oder Magazin
dc.volume37
dc.issue4
dc.audienceScience
fhnw.publicationStatePublished
fhnw.ReviewTypeAnonymous ex ante peer review of a complete publication
fhnw.InventedHereYes
fhnw.PublishedSwitzerlandNo
fhnw.pagination648-660
fhnw.IsStudentsWorkno


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