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Re: Minsky, FIH, and stability <9401211440.AA23433@nyx.cs.du.edu>

 C-M-C
abreviation for commodity circuit of form
Commodity - exchanges for money - exchanges for another commodity

M-C-M+ or M-C-M'
Money exchanges for a commodity which is sold to obtain a larger
sum of money.

The circulation process of a capitalist economy is an interprentration
of the two circuits.

Marx argued that Says Law was only valid for circuits of form C-C
in other words barter. As soon as it takes the form C-M-C you have
the possibility of the formation of a hoard or monetary savings,
which interrupt the circuit, breaking Says Law.
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