This paper postulates the existence of a growth imperative in capitalist economies. The argument is based on a simple circular flow model of a pure credit economy, where production takes time. In this ...

The American Economist, Vol. 64, No. 1 (March 2019), pp. 45-59 (15 pages) Closed-system circular flow models have been ubiquitous in economics for at least half a century. Because these models account ...

In the study of economics, one learns the circular flow of the economy between firms and households. This post, however, presents another circular flow model based on capital and labor. (It is a ...

KINGSPORT, Tenn.--(BUSINESS WIRE)--Today Eastman Chemical Company (NYSE:EMN) hosted its virtual and in-person 2021 Innovation Day. During the meeting, members of Eastman’s executive management team ...