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According to Veblen's Theory of the Business Class (1904) both debt and equity in all their forms are "loan finance".

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Mar 9th, 2009 at 05:03:06 AM EST
[ Parent ]
And also in

Creditary Economics

where the Gang8 analysis is pretty good in many ways.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Mar 9th, 2009 at 06:43:23 AM EST
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