Profit rate, Money and Economic Dynamics in Fanno's Thought

In this contribution we examine the importance of the profit rate and interest rate with regard to the cyclic trend illustrated by Fanno and to be extended to the dynamics of progressive economies. We then examine Fanno’s notable insights and pioneering approach: despite the fact that the author’s work reflects the institutional and historical background of the time, with its operational and analytical limits, Fanno endeavours to offer an overall view capable of shedding light on the distinctive features and the most significant distortions