Advanced Search
MyIDEAS: Login

Profit, Inflation and Economic Growth

Contents:

Author Info

  • Gennady Bilych

    ()

Registered author(s):

    Abstract

    Abstract - This article examines the assertion that in a closed economic system there is parity between the nominal value of economic growth (a change in the systems GDP for a particular period) and the sum total of profit from all producers of goods and services for that period. If this is in fact the case, then this parity links microeconomic and macroeconomic variables. Consequently, this makes it possible to continue converging various segments of one science whose division has long since concerned economists to such as extent that some of them have characterized this state of affairs at a "huge scandal" (Arrow, K.J. 1967). Moreover, the link between profit and economic growth makes it possible to look anew at the reasons for the existence of periods of business activity and to explain the essence of such concepts as interest and rent.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://genatdht.socionet.ru/files/GROWTH.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Socionet in its series Macroeconomics with number bilych_gennady.85552-1.

    as in new window
    Length:
    Date of creation: 30 Jan 2011
    Date of revision:
    Handle: RePEc:nos:wuwpma:bilych_gennady.85552-1

    Contact details of provider:
    Email:
    Web page: http://spz.socionet.ru/archives/

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Hicks, J. R., 1969. "A Theory of Economic History," OUP Catalogue, Oxford University Press, number 9780198811633.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:nos:wuwpma:bilych_gennady.85552-1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergei Parinov).

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.