Economics and Finance

   

Problem of the Origin of Profit

Authors: James Smith

I think I have proved that in an economy with fixed amount of money, no monetary profit is sustainable. The aggregate prices will always be above the public purchasing ability, therefore we have a mathematical problem. The notion that banks create new money is incorrect, that's why the government has to create new money and periodically inject it into circulation. Circulation with fixed amount of money would be inefficient and won't allow effective consumption of all the products produced.

Comments: 34 Pages. Enjoy

Download: PDF

Submission history

[v1] 2019-11-29 10:10:55

Unique-IP document downloads: 6 times

Vixra.org is a pre-print repository rather than a journal. Articles hosted may not yet have been verified by peer-review and should be treated as preliminary. In particular, anything that appears to include financial or legal advice or proposed medical treatments should be treated with due caution. Vixra.org will not be responsible for any consequences of actions that result from any form of use of any documents on this website.

Add your own feedback and questions here:
You are equally welcome to be positive or negative about any paper but please be polite. If you are being critical you must mention at least one specific error, otherwise your comment will be deleted as unhelpful.

comments powered by Disqus