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The Circular Flow Diagram has dominated economic thought for over a century. Yet, all along we’ve known its shortcomings: over-aggregation, static capital, It places consumption before production and ...

The circular-flow approach is decidedly Neoclassical, and suffers from many problems which traditional Austrians would notice. The circular-flow diagram’s greatest problem is, in fact, its circularity ...

The diagram depicts the material flow of sources to products that reintegrate wood recovered from construction, renovation and demolition (CRD) sector in Canada. This diagram presents eleven common ...