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

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Submission history

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

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