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:
 Stocks and Flows

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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

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