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Studies in profit and capital formation: An alternative theory of distribution

Author

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  • Andrea Carrera

    (University of Lugano, Department of Monetary Economics, Switzerland)

Abstract

A study is presented on production, consumption, and the investment of profit in a closed economy over a two-week period. Bernard Schmitt's analysis of production and capital formation was applied to numerical and theoretical examples. The broad objective of this inquiry is to detect apparent formal coincidences between Nicholas () formalization of the General Theory (1936) and the analytical formulation of the theory of the monetary circuit. () model is considered as a special case among those contemplated by Schmitt's monetary theory.

Suggested Citation

  • Andrea Carrera, 2015. "Studies in profit and capital formation: An alternative theory of distribution," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 38(106), pages 1-10, Abril.
  • Handle: RePEc:cud:journl:v:38:y:2015:i:106:p:1-10
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    More about this item

    Keywords

    Profit theory. Capital theory. History of economic thought.;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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