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For a neo-Austrian model, the value of capital per head is independent of real properties. Copyright © 2010 The Author. Journal compilation © 2010 Blackwell Publishing Ltd.
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We consider a bisector reproduction model in which money is introduced as a pure means of exchange issued by a bank at the producers' requests. Each capitalist aims at maximizing accumulation in his own sector. Their plans are based on available quantities and expected prices. Effective prices...
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