Tag Archives: economics and accounting

Accounting and national accounts.AsymptosisWealth and the National Accounts: Response to Matthew KleinSteve Roth

Robert Neild was an associate of Wynne Godley in the Cambridge Economic Policy Group. Keeper Godley quote, too.The Case for Concerted ActionA Short Biography Of Robert NeildV. Ramanan

One of the most common difficulties many people encounter in understanding the mechanics of the financial system lies in their failure to understand the difference between stocks and flows. erablogdotcom Bank income and spending

What I want to highlight here is this: the private sector needs government deficit spending if it is going to recover properly from both the heart attack of the Financial Crisis and the decades of disease brought on by income redistribution and rising debt levels. This is so because government deficits are private-sector surpluses. The logic is really very simple. What number do you get when you add up every trade surplus and trade deficit on the planet? Zero, of course, because one...

MMT, SFC, NIPA, FFA, etc. Must-read. Longish and detailed. Weekend reading.Angry BearWhy Economists Don’t Know How to Think about Wealth (or Profits) Steve Roth originally published at Evonomics 2016