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Reconciling the Cambridge and Wall Street
Reconciling the Cambridge and Wall Street

... • Several chapters on money and credit in Robinson’s (1956) The Accumulation of Capital. – the loaned amounts depend on the interest covering ratio, that is, the ratio of (profit) income to due interest payments. – the borrowing power of entrepreneurs will depend on “the strictness of the banks’ sta ...
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... market-oriented have laws and regulations to support the operation of markets. At a minimum, these laws govern matters like safeguarding private property against theft, protecting people from violence, enforcing legal contracts, preventing fraud, and collecting taxes. Conversely, even the most comma ...
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Paying Dividends - The Wise Investor Group
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... If you currently escrow your real estate taxes with a mortgage company or related servicing company, you will not be able to set up a payment plan for that particular parcel of land. Your payments will be based on the amount you paid in the previous year for real estate taxes. There will be three eq ...
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Mispriced Markets
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Markets for Millions

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Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
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