Sharpening Differences in Orthodox and Heterodox Views on Money and Banking

We engage with David Andolfatto (2018) on the theme. The two approaches are alleged to have converged in regarding banks as creators of money in the process of initiating lending. We synthesise insights from different factions of the French camp of political economy to make the case that heterodoxy is richer than this claim. Money as an asset-liability is the wage fund in the “first moment” of the monetary circuit. The accumulation of capital is the “second moment” in the sequence, recorded in a separate account at the bank or supported by a financial institution. The “third moment” is the closing of the accounts of demands and supplies generated by the first two moments. Régulation Theory is a related internally-consistent conceptual structure which tracks modes of production as they evolve in history. We dwell on the constructive aspects of the programme as scholars stitch together elements of the present and develop an apparatus to grapple with the emerging new regime of production and distribution. The private sector and state are joined and the bank-central bank is a continuum. Finally, the class structure in the heterodox approach goes deeper than agent heterogeneity.

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Passages on Brazilian scientific cinema

Public Understanding of Science ◽

10.1177/0963662516683638 ◽

2016 ◽

Vol 26 (5) ◽

pp. 579-595 ◽

Cited By ~ 1

Author(s):

Jane de Almeida ◽

Cicero Inacio da Silva ◽

Alfredo Suppia ◽

Brett Stalbaum

Keyword(s):

Multidisciplinary Teams ◽

High Definition ◽

Photonic Networks ◽

Current Generation ◽

The Third ◽

Computer Scientists ◽

Brazilian Film ◽

First Moment ◽

Third Moment ◽

A Current

The article examines the conditions of production and recognition of scientific cinema in Brazil by comparing three distinct moments and contexts: the first moment takes place in the nineteenth century, and it is related to the contribution of a Brazilian astronomer otherwise little known to Brazilian film scholars, the second addresses Benedito Junqueira Duarte’s voluminous mid-twentieth-century filmography, and the third moment documents recent scientific film experiences within ultra high resolution movies transmitted over photonic networks. Future trajectories for aesthetic concerns and practical issues such as the archiving of ultra high definition cinema are usefully informed by these histories of scientific cinema, even as a current generation of multidisciplinary teams including scientists, filmmakers, computer scientists, and network engineers reinvent, rediscover, and necessarily expand the scientific cinema toward concerns of real time collaboration and teaching.

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MOMENTS OF THE SPIN-DEPENDENT PROTON STRUCTURE FUNCTION

Modern Physics Letters A ◽

10.1142/s0217732390001268 ◽

1990 ◽

Vol 05 (14) ◽

pp. 1125-1130

Author(s):

D. INDUMATHI ◽

M. V. N. MURTHY ◽

V. RAVINDRAN

Keyword(s):

Structure Function ◽

Operator Product Expansion ◽

Equation Of Motion ◽

Proton Structure Function ◽

Operator Product ◽

Effective Equation ◽

The Third ◽

Proton Structure ◽

First Moment ◽

Third Moment

We discuss the moments of the recently measured spin-dependent structure function, [Formula: see text], of the proton. Using the operator product expansion and an effective equation of motion, we show that the third moment can be related to the first moment.

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Development and validation of a technology for obstetric intraoperative care safety

Revista Brasileira de Enfermagem ◽

10.1590/0034-7167-2019-0605 ◽

2020 ◽

Vol 73 (suppl 6) ◽

Author(s):

Nátale Carvalho de Souza Lugão ◽

Marcos Antônio Gomes Brandão ◽

Rafael Celestino da Silva

Keyword(s):

Selection Criteria ◽

Content Validation ◽

Methodological Study ◽

Surgical Safety ◽

Intraoperative Care ◽

The Third ◽

Two Phases ◽

First Moment ◽

Development And Validation ◽

Third Moment

ABSTRACT Objectives: to develop and validate an obstetric surgical safety checklist for intraoperative care. Methods: this is a methodological study with two phases: integrative review in databases, using selection criteria and descriptors to synthesize the evidence and develop the checklist; checklist content validation, with 37 judges, who answered a Likert-type questionnaire. For analysis, a >85% content validation index was applied. Results: the checklist’s first moment reached a 96.1 content validation index; the second moment, 95.5; the third moment, 98.9. Thus, the validation index of all verifying sections present in the three surgical moments was 97.1. Cronbach’s Alpha value was 95.57%. Conclusions: the checklist items were validated by judges, with improvement of some items and insertion of others.

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Performance of the Product of Three Nakagami-m Random Variables

Journal of Communications Software and Systems ◽

10.24138/jcomss.v16i2.989 ◽

2020 ◽

Vol 16 (2) ◽

pp. 122-130 ◽

Cited By ~ 1

Author(s):

Dragana Krstić ◽

Petar B. Nikolić ◽

Ivan Vulić ◽

Siniša Minić ◽

Mihajlo C. Stefanović

Keyword(s):

System Performance ◽

Channel Model ◽

Average Power ◽

Random Variable ◽

Relay System ◽

The Third ◽

Wireless Relay ◽

The Mean ◽

First Moment ◽

Third Moment

An output signal from a multi-section wireless relay communication system is equal to the product of the signal envelopes from individual sections. In this paper, a three-sections relay system is considered in the presence of Nakagami-m fading at each section. First, random variable (RV) is formed as the product of three Nakagami-m RVs. For such product, the moments are determined in the closed forms. The first moment is the mean of the signal; the second moment is the average power of the signal, and the third moment is skewness. Then, the Amount of Fading (AoF) is calculated. AoF is a measure of the severity effect of fading in a particular channel model. Besides, all system performance are shown graphically and the parameters influence has been analyzed and discussed.

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Monte Carlo Algorithms for Moments of Transition Arrays

International Astronomical Union Colloquium ◽

10.1017/s0252921100107468 ◽

1988 ◽

Vol 102 ◽

pp. 79-81

Author(s):

A. Goldberg ◽

S.D. Bloom

Keyword(s):

Monte Carlo ◽

State Vector ◽

Basis Vector ◽

Collective State ◽

Dispersion Characteristics ◽

Dipole Strength ◽

The Third ◽

Monte Carlo Algorithms ◽

Third Moment ◽

Very High

AbstractClosed expressions for the first, second, and (in some cases) the third moment of atomic transition arrays now exist. Recently a method has been developed for getting to very high moments (up to the 12th and beyond) in cases where a “collective” state-vector (i.e. a state-vector containing the entire electric dipole strength) can be created from each eigenstate in the parent configuration. Both of these approaches give exact results. Herein we describe astatistical(or Monte Carlo) approach which requires onlyonerepresentative state-vector |RV> for the entire parent manifold to get estimates of transition moments of high order. The representation is achieved through the random amplitudes associated with each basis vector making up |RV>. This also gives rise to the dispersion characterizing the method, which has been applied to a system (in the M shell) with≈250,000 lines where we have calculated up to the 5th moment. It turns out that the dispersion in the moments decreases with the size of the manifold, making its application to very big systems statistically advantageous. A discussion of the method and these dispersion characteristics will be presented.

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150 Years of Das Kapital and No End in Sight. Unsystematic Remarks on a Never-Ending Story

Philosophical Literary Journal Logos ◽

10.22394/0869-5377-2019-6-23-43 ◽

2019 ◽

Vol 29 (6) ◽

pp. 23-46

Keyword(s):

Political Economy ◽

Formal Structure ◽

Monetary Theory ◽

Economic Crises ◽

General Introduction ◽

The Third ◽

Social Forms ◽

Adequate Understanding ◽

Theory Of Value ◽

The Masses

Michael Heinrich, one of the leading Marx scholars, provides a general introduction into Das Kapital with emphasis on the latest interpretations of it. The circumstances surrounding its writing and publication are shown to have interfered with an adequate appreciation of it. The formal structure and organization of the first volume are obstacles to readers and demand much from their education and intellect. The article summarizes the basic trajectories of Marx’s criticisms of political economy, including the critique of naturalizing social forms arising under capitalism and Marx’s original monetary theory of value. The author disentangles Marx’s Das Kapital from views mistakenly ascribed to it, such as the idea that value is determined solely by labor and the prediction of pauperization of the masses. First, Marx’s theory of value goes well beyond explaining prices under capitalism. Second, his main prophecy concerned the inevitable growth of inequality between the masters of capital and the employed classes and did not forecast impoverishment. The paper also points out that the sequence of publication of different volumes of Das Kapital caused lacunae in interpreting Marx’s oeuvre. For instance Engels’ efforts made the third volume more accessible to readers but also obscured the overall pattern of Marx’s thinking. the article shows that Das Kapital was a dynamic and fluctuating project to such an extent that Marx himself several times revisited his views of the causes of economic crises and falling profits and also intended to deal extensively with ecological issues. Reaching an adequate understanding of the theory contained in Das Kapital cannot depend on the manuscripts of those volumes alone. Marx’s notebooks, which have only recently published, are an indispensable aid to understanding it.

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