The growth imperative revisited: a rejoinder to Gilányi and Johnson

dc.accessRightsAnonymous
dc.audienceScience
dc.contributor.authorBinswanger, Mathias
dc.date.accessioned2015-10-14T16:00:42Z
dc.date.available2015-10-14T16:00:42Z
dc.date.issued2015
dc.description.abstractIn Binswanger (2009) it was shown that in a simple circular flow model of a pure credit economy, positive growth rates are necessary in the long run in order to enable firms to make profits in the aggregate. If the growth rate falls below a certain positive threshold level, firms will make losses. Certain aspects of this model are challenged by the papers of Zsolt Gilányi and Reeves Johnson in this issue of the Journal But nevertheless, both papers confirm the existence of a growth imperative in capitalist economies. This may be taken as evidence that the finding of a growth imperative is quite robust with respect to different model assumptions.
dc.identifier.doi10.1080/01603477.2015.1050333
dc.identifier.issn0160-3477
dc.identifier.issn1557-7821
dc.identifier.urihttp://hdl.handle.net/11654/10756
dc.identifier.urihttps://doi.org/10.26041/fhnw-115
dc.issue4
dc.language.isoen_US
dc.publisherTaylor & Francisen_US
dc.relation.ispartofJournal of Post Keynesian Economicsen_US
dc.subjectbank moneyen_US
dc.subjectcrediten_US
dc.subjectgrowthen_US
dc.subjectprofitsen_US
dc.subject.ddc330 - Wirtschaftde
dc.titleThe growth imperative revisited: a rejoinder to Gilányi and Johnson
dc.type01A - Beitrag in wissenschaftlicher Zeitschrift
dc.volume37
dspace.entity.typePublication
fhnw.InventedHereYes
fhnw.IsStudentsWorkno
fhnw.PublishedSwitzerlandNo
fhnw.ReviewTypeAnonymous ex ante peer review of a complete publication
fhnw.affiliation.hochschuleHochschule für Wirtschaftde_CH
fhnw.affiliation.institutInstitute for Competitiveness and Communicationde_CH
fhnw.pagination648-660
fhnw.publicationStatePublished
relation.isAuthorOfPublication8fe91bb4-2f91-47ff-9f4d-90ceb674f0d9
relation.isAuthorOfPublication.latestForDiscovery8fe91bb4-2f91-47ff-9f4d-90ceb674f0d9
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