by Summary:
I continue the development of the QED model of a pure credit economy began in the last lecture, including modelling production and developing a pricing equation to produce a combined monetary-physical model. The initial model has a fixed wage, population and labor productivity. To prepare the way for making these variables, I explain what Bill ...
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Steve Keen considers the following as important:
This could be interesting, too:
I continue the development of the QED model of a pure credit economy began in the last lecture, including modelling production and developing a pricing equation to produce a combined monetary-physical model. The initial model has a fixed wage, population and labor productivity. To prepare the way for making these variables, I explain what Bill ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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