ANALYSIS OF VALIDITY OF THE CONCEPT OF THE ECONOMIC CIRCULATION
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ANALYSIS OF VALIDITY OF THE CONCEPT OF THE ECONOMIC CIRCULATION
Annotation
PII
S0207-36760000392-0-1
DOI
10.31857/S60000392-0-1
Publication type
Article
Status
Published
Edition
Pages
44-59
Abstract
In this work the analysis of legitimacy and validity of the concept and the schemes of an economic circulation which are based on an axiom is given that the size of streams of the economic benefits addressing in a national economy is invariable at all stages of the movement. The carried-out research allowed to reveal basic discrepancies in methodological base of the concept of an economic circulation and the model of Vasily Leontyev (USA) constructed on his axiom «expenses - release)). By results of the analysis the author made attempt on the basis of the classical theory of a circulation of the capital of the separate enterprise and the scheme of public reproduction to prove a bit different structure of a formula of the circulation, reflecting a capital circulation at macroeconomic level. The methodology of construction of schemes of reproduction besides developed by the author allowed to prove and offer the modified matrix model of public reproduction.
Keywords
macroeconomic identity, capital circulation, axiom of an economic circulation, reproduction scheme
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