The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model.

ANDREI, Dalina and Andrei, Liviu Catalin (2020): The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model. Published in: Hyperion International Journal of Econophysics and New Economy , Vol. 13, No. 1 (10 December 2020): pp. 113-122.

Abstract

This below paper focuses on the economic entity concept. Difficult to find that (part of) economic literature not dealing with economic entities and issues. For the sake of better understanding ever on this our text below will start from the JM Keynes’ capital paper of 1936’ focusing on what was called the ‚Macro-Model’, but as critical analysis of this last. There will be aimed a consistent image of basic types of economic entities. These last will be, besides the firms and households, on the ’trunk’( main part) of the macro-flow, already ‚recognized’ since the ‚old classics’, banks(with thier today ‚system’), the State (which is actually Government and/or the State economic sector detached) and the rest of the world, that is not only the widest economic area, but equally the appropriate expression of what is called the ‚open economy’.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic entity, micro- & macro-economics, firms, banks & banking system, State & Government, rest of the world, flows & stocks
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith); C - Mathematical and Quantitative Methods > C0 - General; D - Microeconomics > D0 - General; H - Public Economics > H0 - General

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