The Path to Equilibrium

John Burr Williams

11 citations0/0 files storedThe Quarterly Journal of Economics

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Economic Theory and Policy Economic Theory and Institutions Economic theories and models

Abstract

The question at issue, 241. — The premises, 242. — The path to equilibrium, 245. — The profit motive, 248. — Bank loans, mortgage bonds, and equity capital, 250. — Dividends, 251. — Reconciliation with standard theory, 252.

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