A brief note on Mathias Binswanger's model

摘要

An increasing number of economists agree that modern market economies are subject to a growth imperative: zero growth is not a feasible state in the long run. This result is shown differently by various authors. Mathias Binswanger pretends to establish the growth imperative of modern market economies by making the link between money creation and firms' profits. If Binswanger's strictly positive minimal steady state growth solution is binding, so is the minimal growth derived from the money creat