Inflation, Unemployment and Capital Malformations

Inflation, Unemployment and Capital Malformations

Author: Bernard Schmitt

Publisher: Routledge

ISBN: 9780429767067

Category: Business & Economics

Page: 438

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The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chômage et malformations du capital. Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and how they can eventually be disposed of. Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution allowing for the passage from disorder to order. Neoclassical and Keynesian theories of any type are essentially based on equilibrium analysis and this is why none of them has ever been able to provide a consistent macroeconomic analysis based on macroeconomic foundations. This is what Schmitt’s book aims for: developing a new analysis built on identities rather than conditions of equilibrium, capable to explain the objective origins of inflation and unemployment. In this volume, Schmitt introduces a new, revolutionary analysis centred on the concept of quantum time. The topics analysed by Schmitt cover the entire field of national macroeconomics, from production to capital accumulation, the leading role in this ground-breaking investigation being played by what he calls the theory of emissions. The ensuing macroeconomic theory is built on a set of laws derived from the monetary nature of our economic systems and defines the logical framework of inquiry into modern macroeconomics.
Inflation, Unemployment and Capital Malformations
Language: en
Pages: 438
Authors: Bernard Schmitt
Categories: Business & Economics
Type: BOOK - Published: 2021-06-24 - Publisher: Routledge

The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt
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Pages: 432
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Categories: Business & Economics
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Pages: 242
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Categories: Business & Economics
Type: BOOK - Published: 2021-05-31 - Publisher: Routledge

In recent years, there have been a number of new developments in what came to be known as the "Capital Theory Debates". The debates took place mainly during the 1960s as a result of Piero Sraffa's critique of the neoclassical theory according to which the prices of factors of production
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Language: en
Pages: 192
Authors: Christian Ploberger, Soavapa Ngampamuan, Tao Song
Categories: Political Science
Type: BOOK - Published: 2021-07-14 - Publisher: Routledge

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Language: en
Pages: 242
Authors: Andrea Ricci
Categories: Business & Economics
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Contrary to the claims made by neoliberal governments and mainstream academics, this book argues that the huge increase in trade in recent decades has not made the world a fairer place: instead, the age of globalization has become a time of mass migration caused by increasing global inequality. The theory