We characterize the solution to a model of consumption smoothing using financing under non-commitment and savings. We show that, under certain conditions, these two different instruments complement each other perfectly. If the rate of time preference is equal to the interest rate on savings,...

This Paper Goes Against the Current That, When Price Ae Determined From a Markup, Labor Is the Main Cause for Inflation. It Will Be Shown on the Contrary That Capital, Under Its Physical Anf Financial Form, Is the Main Culprit for Inflation. the Main Hypothesis to Be Tested Is That in Time of...

The Chief Aim of This Paper Is to Show That My Previous Econometric Works Related to the Circuit of Capital, the Purpose of Which Was to Put Forward a Qualitative Theory of Inflation, Have Their Theoritical Foundation in Marx's Theory of the Circuit of Capital, As Explained in Book 2 of Capital....