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Leistungserstellung, Kreislaufgleichgewicht und das Geld

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  • Ernst Hemlstädter

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    Abstract

    Based on the original version of Stuuetzel’s habilitation thesis, a so far neglected issue of circular flow equilibrium is considered: the microeconomic transactions during the production period of the neoclassical model of general equilibrium. The specific equilibrium conditions for the „transactions profiles" are analyzed given the institutional rules of Fisher’s Quantity Equation. The implications for the equilibrium with respect to Stuuetzel’s notions of „lock-step with constant steps" and „buying lead with constant steps" are also derived.

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    Bibliographic Info

    Article provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.

    Volume (Year): 232 (2012)
    Issue (Month): 2 (March)
    Pages: 177-193

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    Handle: RePEc:jns:jbstat:v:232:y:2012:i:2:p:177-193

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    Related research

    Keywords: Neoclassical general equilibrium; microeconomic money transactions; circular flow;

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