Since 2014
A Unified Theory of Monetary Dynamics
Review of Social Sciences
View Archive Info| Field | Value | |
| Title |
A Unified Theory of Monetary Dynamics
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| Creator |
Villacis, José
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| Subject |
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Circulation of money, income multiplier, bank money multiplier. — |
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| Description |
In the end, the only and eternal vocation of money is circulation. This circulation causes the contrary effect to income expansion, studied by the income velocity of circulation of money, by the income multiplier and by the bank money multiplier. These three issues are thought to belong to the same operation. Therefore, a unified money theory can be established.A dynamic economy finances investments with the savings existing in the system but, the economy is simultaneously growing in real and nominal terms. Such growth in circulating capital is only possible through the creation of money in the economic system. In general terms, the system tends to finance growth with the spontaneous creation of money.
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| Publisher |
LAR Center Press
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| Contributor |
—
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| Date |
2016-04-25
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.socialsciencejournal.org/index.php/site/article/view/11
10.18533/rss.v1i4.11 |
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| Source |
Review of Social Sciences; Vol 1, No 4 (2016): April; 01-12
2378-8550 2378-8569 |
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| Language |
eng
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| Relation |
http://www.socialsciencejournal.org/index.php/site/article/view/11/17
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| Rights |
Copyright (c) 2016 José Villacis
http://creativecommons.org/licenses/by-nc/4.0 |
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