here's the original map frame work
1 fed empowered by congress to maintain "price stablity"
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2 set up within the fed a MAP credit office issue map credits to each firm
equal to "net sales " in the prior year
< net sales = (gross sales + cost of inventory change) - (purchases from other firms ) >
ie
profits + wages = net sales
profits
broadly defined to include interest dividends fees rental payments
and
wages
broadly defined to include all other payments that constitute income to individuals including fringe benefits
note:
national net sales must (by identity )
equal
total national spending on final products (goods and services)
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3 firms making additional hires are credited at the hire's prvious wage
and firms reducing staff surrender the equivalent credits
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4 new investment entitles firms to credits equal to interest payments
( at the current borrowing rate ) imputed to the investment
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part II http://earthmart.blogspot.com/2011/07/map-frame-work-part-ii.html
