Debt and debt management reflections on a fable by Kalecki
Kalecki explained debt resolution by means of a fable about monetary circulation between mutually indebted individuals. This chapter generalizes the processes of debt payment in that fable to show how interest and debt payments depend on the financial circulation of money, rather than profits or inc...
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Veröffentlicht in: | Financial Instability, Market Disruptions and Macroeconomics: Lessons from Economic History and the History of Economic Thought (Veranstaltung : 5. : 2019 : Rom) Financial markets in perspective |
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Format: | UnknownFormat |
Sprache: | eng |
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2022
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