Chapter

Stocks and Flows

John Hicks

in Methods of Dynamic Economics

Published in print October 1987 | ISBN: 9780198772873
Published online November 2003 | e-ISBN: 9780191596438 | DOI: http://dx.doi.org/10.1093/0198772874.003.0009
 Stocks and Flows

Show Summary Details

Preview

This chapter attempts to define the concept of stock equilibrium, which is a key point of the Fixprice theory. Stock equilibrium is an equilibrium at a point of time; in accounting terms, it is an equilibrium of the balance-sheet. Although that sounds simple, the balance-sheet of a business, even as it is in practice, is quite a peculiar construction. It is important to realize that its counterpart in economic theory is also a peculiar construction, in much the same way.

Keywords: stock equilibrium; economic theory; Fixprice theory; balance-sheet

Chapter.  4172 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.