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Regular version of the site

Book chapter

New circular-flow schema based on Quesnay-Charasoff-Slutsky implications (as a deduction from Marxian formula M-C-M')

P. 103-104.

The tradition of circuit-flow (der Kreislauf) models from Quesnay up to Sraffa belongs to so called thematic traditions, by terminology of G. Holton. It requires perpetual historical and analytical reconstruction for continuous development. In this article new circular-flow scheme is proposed and analyzed.