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The Circulation of Currency in the Macro-economy (Closed System)

The Circulation of Currency in the Macro-economy (Closed System)

This model of the macroeconomy (closed social system) is as comprehensive as possible without it being too complicated (according to Prof. Einstein's dictum for providing in an explanation as much simplification, but not too much). In the past the tradition of 2 and 3 sector models (householder/producer etc.) were oversimplified. In this model there are 6 "entities" all of which play vital roles in the complete system. Their 19...

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