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The concepts of stock and flow. A revisit of Georgescu-Roegen definitions

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  • Michele Bruni

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Abstract

After recalling the classical definitions of stock and flow introduced by Fisher, the paper briefly summarizes Georgescu-Roegen’s analysis of the production process and his definitions of the concepts of stock and flow, and also of those of fund and services necessary in his approach. The paper does then propose new definitions of the same four concepts and explore their implications for a different and more realistic approach to labor market analysis.

Suggested Citation

  • Michele Bruni, 2016. "The concepts of stock and flow. A revisit of Georgescu-Roegen definitions," Center for the Analysis of Public Policies (CAPP) 0129, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
  • Handle: RePEc:mod:cappmo:0129
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    More about this item

    Keywords

    Stock-flow model; production process; labor market;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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