Mansfield, England – Dying Economy, a leading online resource hub that provides up-to-date and in-depth information on the UK and US economies, is pleased to announce the release of a new article on ...
In the study of economics, one learns the circular flow of the economy between firms and households. This post, however, presents another circular flow model based on capital and labor. (It is a ...
This paper postulates the existence of a growth imperative in capitalist economies. The argument is based on a simple circular flow model of a pure credit economy, where production takes time. In this ...
With “Doughnut Economics,” Kate Raworth looks instead at planetary well-being. By Keridwen Cornelius This article is part of a Women and Leadership special report highlighting the work by women around ...
The American Economist, Vol. 64, No. 1 (March 2019), pp. 45-59 (15 pages) Closed-system circular flow models have been ubiquitous in economics for at least half a century. Because these models account ...