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The Paradox of Profits in an AB-SFC Model

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  • Lorenzo Di Domenico

Abstract

This article explores the paradox of profits in agent-based stock-flow consistent models.

Suggested Citation

  • Lorenzo Di Domenico, 2023. "The Paradox of Profits in an AB-SFC Model," Bulletin of Political Economy, Bulletin of Political Economy, vol. 17(1), pages 47-90, June.
    • Handle: RePEc:awu:journl:v:17:y:2023:i:1:p:47-90
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    References listed on IDEAS

    as
    1. Edward J. Nell, 1967. "Wicksell's Theory of Circulation," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 386-386.
    2. Jean-Francois Renaud, 2000. "The Problem of the Monetary Realization of Profits in a Post Keynesian Sequential Financing Model: Two solutions of the Kaleckian option," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 285-303.
    3. Claude Gnos & Louis-Philippe Rochon, 2003. "Joan Robinson and Keynes: finance, relative prices and the monetary circuit," Review of Political Economy, Taylor & Francis Journals, vol. 15(4), pages 483-491.
    4. Louis-Philippe Rochon, 1999. "The Creation and Circulation of Endogenous Money: A Circuit Dynamique Approach," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(1), pages 1-21, March.
    5. Lorenzo Domenico, 2023. "Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(4), pages 835-877, October.
    6. Lavoie, Marc, 1999. "The Credit-Led Supply of Deposits and the Demand for Money: Kaldor's Reflux Mechanism as Previously Endorsed by Joan Robinson," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 23(1), pages 103-113, January.
    7. Godley, Wynne, 1999. "Money and Credit in a Keynesian Model of Income Determination," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 23(4), pages 393-411, July.
    8. Marc Lavoie, 2021. "Wynne Godley’s monetary circuit," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 44(1), pages 6-23, January.
    9. Louis-Philippe Rochon, 2009. "The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited," Palgrave Macmillan Books, in: Jean-François Ponsot & Sergio Rossi (ed.), The Political Economy of Monetary Circuits, chapter 4, pages 56-76, Palgrave Macmillan.
    10. Mario Seccareccia, 1988. "Systemic Viability and Credit Crunches: An Examination of Recent Canadian Cyclical Fluctuations," Journal of Economic Issues, Taylor & Francis Journals, vol. 22(1), pages 49-77, March.
    11. Malcolm Sawyer & Marco Veronese Passarella, 2017. "The Monetary Circuit in the Age of Financialisation: A Stock-Flow Consistent Model with A Twofold Banking Sector," Metroeconomica, Wiley Blackwell, vol. 68(2), pages 321-353, May.
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