ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Wealth of Corporations

“Financial Assets = Liabilities.” It is one of the great accounting-identity truisms of economic understanding both among traditional, mainstream economists, and even (especially) among many heterodox, “accounting based” practitioners. It seems obvious—when a company issues and sells bonds, it...
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