Money, Interest, and the Structure of Production

<span><span>Is macroeconomic equilibrium possible under capitalism? How do economic bubbles develop? How does a monetary system influence the market mechanism? Is the return on capital a beneficial feature of the economic system? How does complexity of a capitalist organization influence the market process? Can output under capitalism be easily measured and modeled?</span></span> <br> <span><span>Such questions and many others relate to the central concept discussed in the book: heterogeneous structure of production, an envisioned theoretical connection between stages of the capitalist process. An inquiry into the functioning of a capital structure is necessary to understand the workings of the interest rate, savings, aggregate demand, and economic growth. Additionally it provides a theoretical framework to recognize consequences of monetary regimes and interest rate policies performed by the central banks.</span></span> <br> <br> <span><span>Capital structure concepts have their place at the center of economic theory as they can provide a broad range of insights into our understanding of the real world. </span><span>Money, Interest, and the Structure of Production</span><span> offers key insights in that direction.</span></span>