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Economy as the value streams. Preliminary study

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  • Góralczyk, Andrzej
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    Abstract

    Economy can be generally described as a bunch of value streams. At least a part of capital accumulation is assumed to be the consequence of value stream blockage, and a means too keep such blockage. Negative relation between capital accumulation and foreign trade balance coming out from this assumption is supported by the data from national accounts, and hence justify the idea of economy as the value streams. A lot of research ideas are following this assertion, most of them promising results useful for socio-economic policies, and for optimizing institutions and business practices in order to make them more conductive to capital flows.

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    File URL: http://mpra.ub.uni-muenchen.de/54522/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54522.

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    Date of creation: 17 Mar 2014
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    Handle: RePEc:pra:mprapa:54522

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    Keywords: value streams; economic stability; economy growth; economic shocks; scaling in economy;

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