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The Path to Equilibrium

John Burr Williams

The Quarterly Journal of Economics · 1967 · Volume 81 · Issue 2

DOI: 10.2307/1879584

Abstract

The question at issue, 241. — The premises, 242. — The path to equilibrium, 245. — The profit motive, 248. — Bank loans, mortgage bonds, and equity capital, 250. — Dividends, 251. — Reconciliation with standard theory, 252.

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