June 25, 2019

Profit and Distribution Theory is false for 200+ years

Comment on Paul Krugman’s ‘Notes on Excessive Wealth Disorder’


The Oligarchy’s financial wealth and public debt (currently $22 trillion and counting) grow in lockstep. The macroeconomic Profit Law Qm≡Yd+(I−Sm)+(G−T)+(X−M) explains the extremely skewed distribution of income and financial wealth. Macroeconomic profit comes in the main from public deficit-spending/ money-creation. See
► Profit and macrofoundations
► The Levy/Kalecki Profit Equation is false

Egmont Kakarot-Handtke

Related 'First Fundamental Law vs. Fundamental theorem of income distribution' and 'Econ 101: Economists flunk the intelligence test at the first hurdle' and 'Profit'. For details of the big picture see cross-references Profit/Distribution.

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