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The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model

Author

Listed:
  • ANDREI, Dalina
  • Andrei, Liviu Catalin

Abstract

This below paper focuses on the economic entity concept. Difficult to find that (part of) economic literature not dealing with economic entities and issues. For the sake of better understanding ever on this our text below will start from the JM Keynes’ capital paper of 1936’ focusing on what was called the ‚Macro-Model’, but as critical analysis of this last. There will be aimed a consistent image of basic types of economic entities. These last will be, besides the firms and households, on the ’trunk’( main part) of the macro-flow, already ‚recognized’ since the ‚old classics’, banks(with thier today ‚system’), the State (which is actually Government and/or the State economic sector detached) and the rest of the world, that is not only the widest economic area, but equally the appropriate expression of what is called the ‚open economy’.

Suggested Citation

  • ANDREI, Dalina & Andrei, Liviu Catalin, 2020. "The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model," MPRA Paper 109886, University Library of Munich, Germany, revised 10 May 2020.
    • Handle: RePEc:pra:mprapa:109886
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    References listed on IDEAS

    as
    1. Michal Kalecki, 1937. "A Theory of the Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 77-97.
    2. O. Henry & N. Olekalns, 2010. "Peacock and Wiseman's displacement hypothesis: some new long-run evidence for the UK," Applied Economics, Taylor & Francis Journals, vol. 42(11), pages 1455-1460.
    3. ANDREI, Dalina-Maria, 2018. "Some Today Approach of the Household in the Economic Literature," MPRA Paper 113650, University Library of Munich, Germany, revised 08 Dec 2018.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • C0 - Mathematical and Quantitative Methods - - General
    • D0 - Microeconomics - - General
    • H0 - Public Economics - - General

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