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Profit, Interest, and Wages in the Monetary Circuit

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  • John Smithin

Abstract

This paper reconsiders the work of Professor Alain Parguez (1940–2022) in the fields of macroeconomic policy, international political economy, and the theory of the monetary circuit, from the point of view of social ontology. It presents a stylized numerical example, involving bank balance sheets and the income statements of non-bank firms, to illustrate the issues that are at stake.

Suggested Citation

  • John Smithin, 2023. "Profit, Interest, and Wages in the Monetary Circuit," International Journal of Political Economy, Taylor & Francis Journals, vol. 52(3-4), pages 282-296, October.
    • Handle: RePEc:mes:ijpoec:v:52:y:2023:i:3-4:p:282-296
    DOI: 10.1080/08911916.2023.2280366
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