new money is created. We also aim to go further and argue that a proper understanding of how new money is created has such … possibilities. Our main argument is that the received truth of the fractional reserve theory or ‘money multiplier’ model taught in … most economics textbooks cannot explain the expansion of the money supply by logic, simple math and by basic bank …

, money and inequality. I will argue that it is too often forgotten that, while economic growth over the last three centuries … shown, if the rate of return on capital surpasses the rate of growth, inherited wealth will grow faster than earned wealth … capitalism, money and inequality, this chapter will suggest that it is the latter by considering the important relationship …

Growth Incidence Curve of Ravallion and Chen to investigate the extent to which growth was “pro-poor”. The paper also …

This paper builds a heterogeneous-households growth model of a small open economy with fixed resource (land) by … integrating the Walrasian general equilibrium and neoclassical growth theories. The production side consists of two sectors. We … use an alternative utility function proposed by Zhang, which enable us to develop a dynamic growth model with genuine …