Summary:
Extending the model developed in the first half of the lecture to include payment of wages and consumption. The resulting model “works” in that it is possible for capitalists to borrow money, produce output, and make a profit.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Extending the model developed in the first half of the lecture to include payment of wages and consumption. The resulting model “works” in that it is possible for capitalists to borrow money, produce output, and make a profit.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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