Article
French
ID: <
10670/1.huzbiq>
Abstract
`titrebFinancial advances and entrepreneurial profit. From the Say’s Law to speculation`/titrebWhen entrepreneurs, whether Northern or Southern ones, close the accounts of the fiscal year, they inevitably find that actual profits differ from expected profits. Simultaneously, they know that during the year, they conducted financial advances, in the form of interim dividends and self-financing.They have no reason to establish any connection between the two variables, but advances must be reconstituted when exchanged in the markets. Does this reconstitutionary process allow to assume that the profits recorded in the entire economy are actually those which have been paid in advance by each protagonist? North and South entrepreneurs pave the way towards similarly for example to Marx’s reproduction schemes implying capitalists of sector 1 and sector 2. Or, as Keynes, according to whom supply and demand adjustments realized thanks to “windfall profits” without taking into consideration of the advances of entrepreneurs. Anyway, observation shows how intensely dividends are preceded by advanced instalments, which result in general equilibrium and growth.