Explaining the "Monetary Circuit Theory" of capitalism. I show that the dilemmas that hobbled Circuit Theory for so long were simple mistakes in dynamic modelling, which reflect poorly not so much on Circuit theorists themselves, but economists in general, since even non-orthodox economists are locked into the static ways of thinking they were taught by neoclassical lecturers.
Located in Sydney, Australia, the University of Western Sydney is among the top-ranked colleges in the world with six campuses in New South Wales. Its roots can be traced back to 1891, where the Hawkesbury campus was founded as an argicultural school. However, each campus has its own unique history, and the university (an amalgamation of its many campuses) was made official in 2000. Despite its short and recent history as the University of Western Sydney, this institution has produced many notable alumni including politicians, executives, authors and journalists.